Commuter Benefits: This Article about Commuter benefits in the computer benefit program offered to Postal Service employees through Edenred Commuter Benefit Solutions. The information outlined here provides an overview of the program and the key steps to get started. Participating in Commuter Benefits can help you save up to 40% on your commuting costs. You end up saving money by paying for commuting expenses through pre-tax payroll deductions. There is no fee to join or cancel. There is no open enrollment period. In fact, you can enroll or make changes anytime throughout the year.
How Do I Get Started?
Getting started is easy. Go to your commuter benefits platform page:
1: Click on ‘New User Signup’.
2: Enter your Company ID USPS.
3: Enter your First Name, Last name, and Zip Code.
4: Create a username and password.
You’ve successfully created your account. Now, just click the ‘Login’ button. Once you are logged into your account, select ‘Place An Order’ and then select your product(s).
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What are Commuter Benefits?
Commuter Benefits are tax-free fringe benefits, authorized by the Internal Revenue Code 132(f), that allow hardworking employees, like you, to pay for qualified commuting costs using the pre-tax money.
Who is eligible for Commuter Benefits?
All career Postal Service employees are eligible to participate in the program and can sign up right away. Newly-hired employees must allow up to 30 days for their information to be imported into the system before they can sign up for a Commuter Benefits account.
How You Save Money: Since Commuter Benefits allows you to use tax-free money to pay for qualified commuting costs, you’ll end up saving each month on your income taxes.
You can save money on these commuting expenses:
Transit – Fares for riding buses, trains, subways, ferries, and other types of mass transit and vanpools.
Parking – The cost of parking at or near your place of work, or a place from which you commute to work by mass transit, such as a park-and-ride lot.
The current monthly pre-tax allowable limits?
- Transit and eligible vanpooling: $255.
- Qualified commuter parking: $255.
- Combined parking and transit benefits: $510.
Note: Employees can only redeem Commuter Benefits for qualified transit or parking.