A Transit Account allows you use pre-tax dollars to pay for eligible mass transit expenses related to your commute to and from work.
Note: University of Wisconsin System and UW Hospital & Clinic employees are no longer eligible for a transit account.
What are the benefits?
- Pre-tax contributions reduce your taxable income.
- Easiest way to pay for eligible transit expenses with tax-free money.
- Your Transit Account funds become available to you as payroll deductions are taken.
- Eligible for unlimited carryover, so there is minimal “use-it-or-lose-it” risk.
- You can enroll or make changes to your account at any time during the plan year.
How does it work?
- Your annual contribution is deducted pre-tax from your paycheck in equal amounts throughout the plan year and deposited into your Transit Account.
- Manage your account 24/7 via the myCYC mobile app or CYC Online account.
- Note: You will only be able to access your Transit funds through manual claim submission to CYC beginning January 1, 2020. Manual claims may be submitted to CYC via paper form, through the online employee portal and/or through CYC’s mobile app.
All active state employees, including limited term employees are eligible to participate in a Transit Account.
- Spouses and dependent children.
- Employees who are also enrolled in a State of Wisconsin pre-tax transit or vanpool program.
- University of Wisconsin System and UW Hospital & Clinic employees.
- For 2019 benefit period, you must incur all eligible expenses by December 31, 2019.
- For 2020 benefit period, you must incur all eligible expenses by December 31, 2020.
- For 2019 benefit period, you must submit all reimbursement requests by March 31, 2020.
- For 2020 benefit period, you must submit all reimbursement requests by March 31, 2021.
Review all claims and provide any required substantiation by December 31.
2019 Transit Account Changes
- You may want to consider spending down your account as much as possible in 2019.
- Any remaining 2019 balances will be carried over in April 2020 and available for use after May 1, 2020 with ConnectYourCare.
- TASC debit cards will be deactivated for these benefits effective January 1, 2020.
An eligible expense is a work-related transportation fee for mass transit the IRS states can be paid for without taxes. Eligible expenses include:
- Bus passes
- Subway vouchers, passes or tokens
- Train vouchers, passes or tokens
- Vanpooling fees
Above is a partial list of eligible expenses that are reimbursable through a Transit Account. For more information, see the Parking & Transit Eligible Expense flyer. For the complete list of eligible and ineligible expenses, visit www.IRS.gov and see IRS Publication 5137.
How should I keep track of my eligible expenses?
You should keep all your receipts and pertinent documentation to prove your Transit Account was used for eligible parking expenses.
Learn how to enroll in an a pre-tax savings/employee reimbursement account, whether you are enrolling during open enrollment, as a new hire or when you have experienced a qualifying life event.Read More about Enrollment Information
You will receive a welcome brochure and payment card from ConnectYourCare.