Pre-Tax Money for Tranportation and Parking

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My employer offered me an account where pre-tax money was taken from my paycheck that could be used for parking and transportation. The money is put into an FSA. Do I need to report anything in my tax return?

[DavidS127 · Accepted solution]

No, you do not need to report anything additional on your tax return for qualified transportation benefits.  Anything that needs to be reported is already on your W-2.

If your employer uses the option to reimburse you instead of paying the expenses directly, you are required to substantiate to your employer that you used the money for qualified transportation.

Also, note that this is technically not an "FSA" in the IRS sense.  A Flexible Spending Account (FSA) can only be used for medical expenses.

Qualified Transportation Benefits are explained starting on page 20 of IRS Publication 15 at this li....