• What happens to CBP funds at the end of the year?
• When can I change my CBP elections?
• Am I required to include any special reporting on my tax return (1040 Form) regarding contributions to the CBP?
• Since I do not pay Social Security taxes on the money put into these accounts, will my Social Security benefits be lower when I receive them?
• What happens if I close my account?
• Can I stop contributing to a CBP Account?
• Who is responsible for determining eligibility of expenses?
• What happens if I do not use all the money deposited into my CBP Account in a given plan month?
• Can I use my CBP Account to pay for business or personal travel expenses?
• Are highway tolls, commuting mileage, taxicab fares and fuel eligible?
• Once an election is made, can I change it?
• Can money in a Parking Account be used for mass transit expenses and vice versa?
• What is a Commuter Benefit Plan (CBP)?