Pre-tax Commuting Expense Plan
On this page: Plan Provisions | Eligiblility | Plan Contributions | Enrollment
Internal Revenue Code (Section 132) allows employees to pay for certain commuting expenses on a pre-tax basis (commuting expenses are treated as a "business expense" when an employee elects such in lieu of compensation -- a salary reduction).
Plan Provisions
Pre-Tax Parking Expenses
The Plan allows an employee to exclude from gross income up to $315** (2024) per month for "qualified parking" (defined as parking provided to an employee on or near the business premises of the employer). Indiana University will provide the benefit directly for the purchase of IU parking stickers on a salary reduction basis through the payroll system. This qualified parking allowance is voluntary -- any employee who does not wish to take advantage of this benefit may pay parking fees directly to campus Parking Operations.
Eligibility
All Indiana University employees with a regular salary payment may elect to participate in the Plan, excluding those with student status.
Plan Contributions
Indiana University covers the administrative costs of the Pre-Tax Commuting Expense Plan. Employees are responsible for paying their Pre-Tax Parking Expense through payroll deductions.
Enrollment
Enrollment in the Pre-Tax Parking Expense provision is handled through campus Parking Operations. Those wishing to participate will be required to sign and return a Salary Reduction Agreement for parking sticker payments through the payroll system.