PR - 4.2024 Employee Benefits Guide (FINAL)

The Qualified Transportation Expense Program (QTE) is an IRS Qualified Transportation Expense benefit that will allow employees to conveniently set aside pre-tax dollars to pay for eligible commuting expenses. Employees will also be allowed to deduct post-tax dollars for deposit into their QTE account for expenses greater than the pre-tax limits. Payflex will continue to administer this program. The monthly limit for Transit expenses for 2024 are $315.

MONTHLY CONTRIBUTION LIMITS * Up to $315 on a pre-tax basis Any amount above $315 will be deducted post-tax

ACCOUN T TYPE

ELIGIBLE EXPENSES

ACCESS TO FUNDS

x

x

Train, bus and subway passes

Transit Account

Request reimbursement up to the maximum monthly amount allowed per month

x

MetroCard's

x

QUESTIONS? Visit your PayFlex member website at www.payflex.com

For addi Ɵ onal plan informa Ɵ on, please refer to your detailed plan design. In the event of a discrepancy, the carrier Plan Document shall prevail.

QUESTIONS? Call Bene fi tsVIP at 866.293.9736

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