Marketplace
Help make your employees’ commute worth their while.
Your employees likely spend hours of their personal time every month commuting to work.
Help make their journey more convenient and affordable, and realize major tax savings in the process, by implementing a commuter reimbursement account (CRA) program.
When an employee participates in a CRA, he/she is able to set aside pre-tax dollars to put towards eligible transportation and parking expenses, helping them save up to 30% on everyday commuting expenses. As a result of contributing, the employee’s taxable income decreases and you, as the employer, experience a decrease in taxes paid.
Items to note:
CRAs are not portable. Should an employee quit or be terminated from his/her job, they will immediately lose access to their account funds.
Per IRS regulations, any funds left in a CRA at the end of the year are forfeited to the employer.
What expenses are eligible under a CRA?
- Parking expenses
- Mass transit pass expenses
- Commuter highway vehicle (vanpool) expenses -- now including uberPOOL and Lyft Line!
Introducing uberPOOL and Lyft Line for CRA: More comfortable, productive alternatives to public transportation.
Help your employees bid farewell to the days of missing the subway or sitting idly in morning traffic. Thanks to our new partnerships with Uber and Lyft, employees can now use their pre-tax dollars to pay for daily rides using their low-cost ride-share services.*
UberPOOL and Lyft Line both allow employees to share a ride (and split the cost!) with other riders, while still experiencing the comfort and convenience of traditional car services. Please refer to the map below for the most up-to-date list of eligible cities. If you don’t see your city, don’t worry — we’re working hard to bring this benefit to commuters and providers coast to coast.