In the interest of maximizing tax savings for employees, many employers now offer to reimburse certain qualifying transportation expenses under Section 132 of the Internal Revenue Code. Some aspects of Section 132 administration differ significantly from the administration of other types of qualified reimbursement accounts, creating issues for many other flex systems. But rest assured these issues are not a problem for POWERPLUS!

The absence of an “annual election” as we’ve come to know it has already been addressed in POWERPLUS. Also, the ability for a participant to access commercial transit websites (i.e., WiredCommute) and pay for these expenses either via the use of a debit card or directly from the employee’s TRA keeps the administrative requirements to a minimum, while maintaining total control over the process.