The chart below illustrates potential savings based on a variety of contribution levels:
Account Type | Monthly Contribution | Annual Savings* |
Transit Only | $255 | $846 |
Parking Only | $255 | $846 |
Both Transit and Parking | $510 | $1,692 |
*For illustrative purposes only. Based on a 7.65% FICA, 15% federal tax, and 5% state tax. Your tax situation may be different. Consult a tax advisor.