Carpool Vanpool Bicyle Transit Telework Special Events Resources Contact Us

 




<Back

Employers may exclude up to $220 from wages per employee per month for a qualified parking space cash-out program. The parking spaces must be located either at or near the work site. The cash-out must take the place of free or subsidized parking provided by the employer.

Employees may either receive a qualified cash payout, a transit pass, or vanpool subsidy up to $205 per month.

Each of the three options:

  • May be treated as an exclusion or a payroll deduction.
  • May be a combination of programs.
  • Result in federal income, payroll, and/or business income tax savings.


Parking Space Cash-Out
 
For Employers For Employers
Copyright © 2007 Kern Council of Governments