What is Parking? If you pay to park for work, if you ride public transportation to work, you can enjoy significant tax savings by using BASIC Parking, a plan based on Section 132 of the Internal Revenue Code (IRC). This code allows you to payroll deduct wages for reimbursement of your work related parking and transit costs. Parking:
2008 you can deduct up to $220 per month.
These limits are determined each year by the IRS. Transit:
2008 you can deduct up to $115 per month.
These limits are determined each year by the IRS. Click here for more detail information.
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Contact our Parking Department.
800-444-1922 X 243
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