Commuter Benefits Information What is the Commuter Benefit Reduce your commuting expenses Workrelated transit and parking expenses may be deducted from your paycheck on a pretax basis Because you do not pay taxes on these expenses you can ID: 642718
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Commuter Benefits
Your Passport to SavingsSlide2
Do you have a side hustle?Slide3
Fast Lane to Tax Savings
Select your Commuter Products online
Lower your taxable income
Less taxes = more money in your pocketSlide4
Let’s take a closer look…
Sample tax savings shown; actual savings will vary based on your individual tax situation. Consult a tax professional for more information.
If you spend $265/month on both commuting and parking AND elect your PRE-TAX commuter benefits, you’ll spend about
$530/month
.
Reduce that amount by tax rate (you’re skipping the taxes!) and you save
$159 per month.
Over one year, you’ll save $1,908!Slide5
Eligible Transit Options
Buses
Trains & subwaysFerries
VanpoolsRide shares through uberPOOL, Via, & Lyft Line Slide6
Eligible Parking Options Parking at or near your place of employment
Parking at a location from which you connect with another transit option Slide7
How much can I spend?
$265/monthTRANSIT
$265/monthPARKING
TRANSIT
PARKINGSlide8
How do I spend my TRANSIT funds?
T
MasterCard rechargeable debit card
Direct fare media (i.e. monthly passes)
Transit vouchers
Van pool vouchers
Transit
TRANSITSlide9
How do I spend my PARKING funds?
P
MasterCard rechargeable debit card
Parking cash reimbursement
Parking vouchers
Direct pay to garages
Parking
PARKINGSlide10
What about bikes?
$20/month subsidyCan be used for repairs, storage maintenance.
Biking makes up a large portion of your commuteCan’t use with other commuter benefits*Select the biking benefit in the online portal to initiate your benefitSlide11
Sign me up!Log on to
www.connectyourcare.com or register as a new user and select your commuter products.
You decide how much to spend each month, up to the IRS limit.$265 a month for parking for plan years beginning January 1, 2019
$265 a month for transportation expenses beginning January 1, 2019
Contributions are tax free and processed monthly through payroll.
Monthly election changes due by the 10
th
of the prior month.Slide12
Use our comprehensive web-enabled CYC Commuter Benefits Dashboard to:
Maintain account
View credit amounts
Load funds
Manage transactions
Access notifications
Place an order
Set up recurring orders
Managing your AccountSlide13
How it Works
ENTER DEMOSlide14
Log in at www.connectyourcare.com Slide15
Select TRANSIT tabSlide16
Home Page: Take an ActionSlide17
Place an OrderSlide18
Follow the prompts to complete your orderSlide19
Sample Ordering Timelines
SEPTEMBER TRANSIT FARESlide20
Checking BalancesSlide21
Viewing CreditsSlide22
CYC Commuter Advocates
Access a customer service representative at any time to answer your commuter benefits
questions.service@connectyourcare.com877-292-4040
www.ConnectYourCare.com/CommuterAcademySlide23