The 2017 IRS monthly maximum benefit for Qualified Transit expenses is $255; and for Qualified Parking expenses, it is also $255.
Do you pay the same amount each month for eligible parking and/or transit costs?
Did you know you can complete and submit to ABS an Automatic Transit and Parking Affidavit for your recurring expenses? This will save you time and the funds will automatically be reimbursed each month without the need to submit a claim form and receipts each month.
Just remember, this affidavit must be completed and submitted with receipts each year to continue automatic reimbursement of your eligible transit and parking expenses.