A TRA allows you to set aside a portion of your salary, pre-tax, to pay for certain transit, parking and vanpool commuting expenses. By paying for these expenses with pre-tax dollars, you decrease your taxable income and pay less taxes, while potentially increasing your take-home pay. The 2026 contribution limits are $340 per month for Qualified Parking and $340per month for Transit Passes and Vanpooling combined.
QUALIFIED PARKING
· Includes bicycles for secure storage
· Includes multiple-occupancy vehicles such as cars, vans or trucks, or single-occupancy vehicles, such as motorcycles
· Must be near work or a commuter site
PUBLIC TRANSPORTATION AND VANPOOLS
· Passes for metro transit systems
· Vanpooling can be publicly or privately operates
· Van must be used for transporting people to places of employment.