Your employer may also offer you a program which allows you the opportunity to save money by using pretax salary dollars to pay for work-related transportation expenses, such as transit passes, vanpool commuting and qualified parking. By paying for these expenses with pretax dollars, you not only decrease the amount of taxes you pay, but you also increase your take-home pay for the year. This program is called the SelectAccount Transportation Expense Reimbursement Program.

Qualified Parking

"Qualified parking" is any parking provided to an employee on or near the business premises of the employer or on or near a location from which the employee commutes to work by transportation in a commuter highway vehicle. Qualified parking does not include any parking on or near property used by the employee for residential purposes.

Transit Pass

The term "transit pass" means any employer-sponsored pass, token, farecard, voucher or similar item that entitles you to transportation (or transportation at a reduced price) if such transportation is either:

• On mass transit facilities (whether or not publicly owned), or
• Provided by any person in the business of transporting persons for compensation or hire, if such transportation is provided in a vehicle meeting the requirements.

Commuter Highway Vehicle (Vanpooling)

A commuter highway vehicle is any highway vehicle where:

• The seating capacity is at least six (6) adults (not including the driver), and
• At least 80 percent of the mileage use can reasonably be expected to be for the purposes of transporting employees in connection with travel between their residences and their place of employment and on trips during which the number of employees transported for such purposes is at least half of the adult seating capacity of the vehicle (not including the driver).