Internal Revenue Servicemonthly pre-tax spending limits,effective January 1, 2010:
Transit ................. $230
Parking ................ $230
The Commuter Program offers:
WHO: Career Postal Service employees.
WHAT: Pre-tax payroll purchase of eligible public transportation and parking up to the monthly IRS limits shown above.
WHY: This pre-tax purchase reduces your taxable income so that you reduce what you pay in federal taxes — income, Social Security, and Medicare. Keep more of your pay for yourself!
HOW: Enroll by contacting WageWorks at:
n www.wageworks.com
n 877-924-3967
n TTY 866-353-8058
Please post on bulletin boards through December 31, 2010.
