Parking Benefits with American Benefit Administrators are a tax-favored program (Internal Revenue
Code Section 132) that allows employees to set aside pre-tax money from their paychecks
to pay for eligible parking expenses, up to $265 per month (for Plans beginning in 2019).
They are similar to the Dependent Day Care Reimbursement Account in that only the
amount that has been deducted to date can be reimbursed to participants.
ELIGIBLE EXPENSES INCLUDE:
- Parking near your place of employment
- Parking at or near a location from which you commute to work via mass transit or vanpool