COMMUTER TAX$AVE

New Jersey State Employees Commuter Tax Savings Program

The New Jersey State Employees Commuter Tax Savings Program (Commuter Tax$ave) is a benefit program available under Section 132(f) of the federal Internal Revenue Code which allows eligible employees to set aside before-tax dollars to pay for mass transit and commuter parking expenses, thereby avoiding federal taxes and saving money. The benefit program is administered for the State of New Jersey by TransitCenter, Inc.

Full details about the program are available in Fact Sheet #67, Commuter Tax$ave Program,Adobe PDF (35K) and by visiting www.mycommutertaxsave.com

Benefit Increases for 2013

The American Taxpayer Relief Act of 2012 recently signed into law increased the transit and parking benefits for plan year 2013.

• The pre-tax transit benefit cap has been increased from $125 to $245 per month.
  
  
• The pre-tax commuter parking benefit cap has been increased from $240 to $245 per month.

Commuter Tax$ave members can increase the monthly pre-tax benefit up to the $245 per month limits in time for the March 2013 benefit by logging on before January 31, 2013 at https://tams.transitchek.com/login.aspx

Employees who are interested in the Commuter Tax$ave benefit can enroll by contacting TransitCenter Customer Service at 1-888-618-2435, or over the Internet at: www.mycommutertaxsave.com

Mobile App Available

Commuter Tax$ave members can check or adjust their benefits with the TransitChek Mobile App. Log in to the TransitChek Premium Mobile portal at https://m.transitchek.com/

Last update: January 14, 2013