Qualified Parking


Non-Cash Parking Benefit

Employers who provide employees with free parking valued in excess of the federal and state exclusion amounts are required to add any excess value as part of the employees' gross income for tax reporting and withholding purposes.
 

 

Parking Benefit

Employees who have enrolled in the Commonwealth's Qualified Transportation Benefit Program (QTBP) may receive Parking Benefits via pretax payroll deductions up to any applicable federal and state exclusion amounts.

Qualified Transit

Transit Benefit

Employees who have enrolled in the Commonwealth's Qualified Transportation Benefit Program (QTBP) may receive Transit Benefits via pretax payroll deductions up to any applicable federal and state exclusion amounts.

Car Benefit

Non-Cash Car Benefit

Employees who receive non-cash car benefits or commute in Commonwealth provided vehicles may be required to add that that value in their reportable wages.