UCSF Commuters Benefit With New Federal Legislation
Recently passed federal legislation will directly impact commuter benefits for UCSF employees in 2016. The new law institutes parity in the two commuter benefits (transit and parking) and they will now be set to equal amounts. Under the new provision, the monthly IRS cap on pretax commuter deductions in 2016 will be:
* Transit $255, an increase of $125 over the 2015 limit
* Parking $255, an increase of $5 over the 2015 limit
You can adjust your commuter benefits by completing the enrollment change form at ucsf.mypretax.com.