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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How do commuter FSA work?

Commuter Benefits (Transit and Parking) These accounts enable you to pay for certain workplace transit and parking expenses on a tax-free basis through payroll deductions. Commuter Benefits are not tied to a benefit year, so the funds will remain in your account until exhausted.

What happens to WageWorks when you quit?

Support FAQ If you leave your employer, any recurring order will be canceled on your termination date or when WageWorks learns of your termination date from your employer, whichever one is later. Unfortunately, you will forfeit any remaining pre-tax funds back to your employer.

Can I get my money back from WageWorks?

WageWorks cannot provide refunds for their products. Please contact your vanpool provider for possible credit and we will credit your account for any funds returned to us by the provider.

Can I use my NYC commuter card for OMNY?

If your transit benefit provider has issued you a contactless credit, debit, or reloadable prepaid card, you should be able to use that card at an OMNY reader and register it in your OMNY account.

What is the commuter tax benefit?

A commuter benefits program is a program that certain employers can offer under the provisions of Internal Revenue Code Section 132(f) to their full-time employees to use pre-tax income to cover certain transportation costs.

What can I do with leftover commuter benefits?

Any unused commuter balance upon termination must be forfeited to the employer after any applicable run-out period. Employers may retain the forfeitures, allocate them evenly to the accounts of other commuter participants, use the amounts for plan administrative expenses, or use them any other purpose.

How does transit FSA work?

How does a transit FSA work? Utilizing a transit FSA is generally an optional benefit which employees can elect to participate in. When they do opt in, a specific estimated amount is deducted from each paycheck before taxes to be used to cover parking and transportation expenses related to work.

Can WageWorks commuter card be used for OMNY?

0:44 1:41 How to use an OMNY Card Pre-Tax Commuter Benefits - YouTube YouTube Start of suggested clip End of suggested clip Amount. Thank you for using omni you.MoreAmount. Thank you for using omni you.

Does OMNY work with commuter benefits?

OMNY is the contactless fare payment system for public transportation in the New York region. Simply use your contactless credit or debit card, smart phone, wearable device, or an OMNY card to tap and go. OMNY will eventually combine fare payments and ticketing across subways, buses, paratransit, and commuter rail.

Does WageWorks commuter card work with OMNY?

0:18 1:41 How to use an OMNY Card Pre-Tax Commuter Benefits - YouTube YouTube Start of suggested clip End of suggested clip You can load value from your commuter card onto an omni card which you can tap and pay for your rideMoreYou can load value from your commuter card onto an omni card which you can tap and pay for your ride.

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Discover the quickest way to Transworkation Wage Work For Free

The quickest way to Transworkation Wage Work For Free with DocHub

PDF editing simplified with DocHub

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