UCSD Blink: Pretax Deductions for Parking and Transportation

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Pretax Deductions for Parking and Transportation

Summary: Effective Jan. 1, 2008, the limit on federal pretax parking deductions increases. The state of California also allows pretax parking deductions.

If you would like to sign up to pay parking through payroll deduction, visit either of the following locations:

Campus parking office	Medical Center parking office
7 a.m. – 5:30 p.m. weekdays	6:30 a.m. – 4:00 p.m. weekdays
Gilman parking structure, 2nd floor (map)	Bachman parking structure, 2nd floor (map)
(858) 534-4223	(619) 543-6524

Details on pretax parking deductions:

Effective Jan. 1, 2008, individuals can have taxable income for federal and state reduced by up to $220 a month for pretax parking permits paid by payroll deduction. For 2007, the limit was $215 per month.

Details on pretax transportation deductions:

Effective Jan. 1, 2008, individuals can have taxable income for federal and state reduced by up to $115 a month for the combined value of transit passes and vanpooling expenses. For 2007, the limit was $110 per month.

If you have questions, contact Eric Holmes, (858) 534-3249.