Commuter benefits overview
The money you spend on your work commuting expenses can be deducted from your paycheck pretax, within IRS limits. This means you can save up to $2,000 a year, depending on your tax situation.
Eligible expenses include buses, trains, subways, ferries, vanpools and even shared ride services. If your plan includes parking, you can also pay for parking near your work or at your commuting lot.
Online ordering model: Instant access to commuter savings
Labcorp offers the online ordering model, so you’ll enter your parking and transit orders online, and the cost of your orders will be automatically deducted from your paycheck on a pre-tax basis.
No annual enrollment is needed. Simply submit your orders online anytime during the plan year.
You can even set up recurring orders that automatically generate your transit order or pay your contracted parking vendor. If your commuting needs change, you can adjust or cancel your order.
Sign in to your online account and select commuter benefits.
- Select the transit or parking services you want
- Receive your order at home by mail
- The cost of your orders, within the IRS limits, are automatically deducted from your paycheck pre-tax
- Buses
- Trains and subways
- Ferries
- Vanpools
- Commuter highway vehicles
- Car service apps — UberX Share and Lyft Shared
- Parking at or near your place of employment
- Parking at a location from which you commute to work
Answers to common questions about commuter benefits
There is no need to complete any enrollment forms. Simply sign in to your online account, order your transit or parking, and your passes or vouchers will be mailed directly to you. Your monthly purchase will be deducted automatically from your paycheck. This is a monthly benefit, and changes can be made monthly (before the 10th of each month), or you may set up your account to process recurring benefits in the same amount/delivery method.
The amount that you spend on transit or parking can be paid for with pretax money. When you order transit and parking online, the value of your order is automatically deducted from your paycheck. Your yearly taxable income is reduced by the amount of your purchase. For tax years beginning after January 1, 2023, the IRS allows up to $300 a month pretax for transit expenses and up to $300 a month pre-tax for parking expenses. Any amount requested above the $300 monthly limit becomes a post-tax transaction, which can be paid using your personal credit card to complete the transaction. Please note, if your personal credit card is declined, your entire order will not process.
Assuming a total tax rate of 30%, if you spend $300 on transit and $300 on parking each month, you can save $2,160 per year.
Eligible transit expenses include:
- Buses
- Trains and subways
- Ferries
- Vanpools
- Commuter highway vehicles
- Car service apps — UberX Share and Lyft Shared
Eligible parking expenses:
- Parking at or near your place of employment
- Parking at a location from which you commute to work
Rechargeable payment card
The easiest way to pay for commuter expenses is to use your Commuter Benefits Prepaid Mastercard to pay for transit passes or tickets, either at kiosks or on your preferred transit provider’s web site. It is pre-loaded each month with the amount you elect.
Direct fare media (Monthly Passes)
You can also purchase your transit passes or smart cards directly through the portal. You can set these up to recur each month, and passes are mailed to your home.
Transit vouchers
You can select a commuter check voucher to use on any type of transit. Simply select what you need on the portal and follow the online prompts.
Rechargeable payment card
The easiest way to pay for parking expenses is to use your Commuter Benefits Prepaid Mastercard to pay for eligible parking expenses as they occur.
Parking vouchers
In the commuter portal, you can arrange for us to send parking vouchers directly to your home each month.
Your order deadline is displayed prominently on the home page of the Commuter Portal. You must place your order by the 10th of each month for the following month. Orders received by the 10th of the month are processed and mailed no later than the 23rd of that month. Example: Passes ordered by June 10th are for July and are mailed no later than June 23rd.
Some transit authorities have a different order deadline. Please check online to verify your order deadlines.
After your order has been placed, you may edit or delete your order up to the 10th of each month. The amount elected will be deducted from your next available paycheck. You can make changes to your order right from your dashboard. Select your upcoming order, then click ‘Edit’ or ‘Delete’ under ‘Options’.
To change personal information, please contact Labcorp directly.
Absolutely. We offer more than 100,000 different types of commuter and parking benefits. Most likely, we have exactly what you need for your transit or parking provider.
You can set your order up as recurring, meaning that we’ll automatically process it each month until you notify us otherwise. We can also send you an email each month reminding you that you have an order in the system and prompting you to re-enter the site if you need to make a change.
Sign in to view your account and check your balance.
Any remaining balance at the end of the month rolls over to the next month. While funds do roll over, the IRS limits monthly contributions and expenditures to $300 for parking expenses and $300 for transit expenses for the 2023 calendar year.
Simply open the app on your smartphone, select payment, and then add a credit card. Once on this screen, enter the information from your Commuter Benefits Prepaid Mastercard. You will have to ensure this card is selected prior to requesting the car service. This card may not be used for personal car service requests.