Internal Revenue Service Monthly Pre-Tax Spending LimitsEffective January 1, 2011
Transit $230
Parking $230
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 of eligible public transportation and parking expenses for work reduces your taxable income. You reduce what you pay in federal taxes — income, Social Security, and Medicare. You 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, 2011.
