FAQ Category: CBP Changes for 2016

The IRS released Revenue Ruling 2014-32 amending the rules governing commuter benefit plans. The ruling recognizes terminal restricted benefits cards, like the Beniversal Card and

In accordance with IRS Ruling 2014-32, effective January 1, 2016, you will no longer be permitted to submit mass transit claims for expenses that were paid

Effective January 1, 2016, the IRS rules regarding mass transit expenses changed. The regulations indicate that if a transportation benefits card is readily available, you

As of January 1, 2016, the IRS amended the rules governing commuter benefit plans and no longer permits claim reimbursement for mass transit expenses.

Employers are no longer permitted to offer cash reimbursement as of January 1, 2016. If an employer continues to offer cash reimbursement, the value of

Since vanpools may not accept debit /credit payments, claims will still be accepted but must also include a receipt or documentation of the expense to

If you need to request a new or replacement card, you can do so by logging into your online portal. Under your profile tab, please

Virtually all mass transit vendors across the United States accept debit/credit payments. For in-person transactions, simply use your Beniversal or eTRAC Card as the payment

If cash reimbursement is offered for mass transit expenses after January 1, 2016, the benefit will be taxable to employees and will need to be

If allowed by your employer, your mass transit election should be equal to the full cost of your mass transit expense. Any amount above the