Pretax Deductions for Parking and Transportation

Find out about the limit on federal and state pretax parking and transportation deductions.

Details on pretax transportation deductions

• Per the IRS, for 2020, individuals can have taxable income for federal and state reduced by up to $270 per month for combined value of transit passes, vanpooling expenses, and pretax parking.
• https://transportation.ucsd.edu/resources/deductions.html