How are qualified commuting expenses determined? Actually, the qualified is determined by IRS Internal Revenue Code Section 132(f) and there are 2 qualified expense categories
Public Transportation
Land transportation, such as buses, trains, cable cars, etc.
Water transportation, such as ferries, etc.
Parking Expenses
Parking garages, parking lots, or parking meter
Parking fees for parking on or near locations used to commute to work, normally mass transit facilities such as train, bus, or subway stations, etc.
Ineligible expenses include
Tolls, taxis and traditional ride sharing (Uber, Lyft, etc.) are not qualified.
Exceptions include:
- Uber Pool Commuter
- Lyft Line
- Via
If you're wondering whether an item or service is eligible under these categories, here are a few ways to find out.
Eligibility List
You can view a comprehensive list of eligible expenses HERE.
Ask Us
If you still can't determine whether an item is eligible, please feel free to reach out to us via live-chat, email to support@twic.ai, or call us at 844-902-2902.