How does WageWorks affect my pay?
For purchases directly from WageWorks The cost of your transit or vanpool pass will be deducted from your gross wages before taxes are computed. By not paying taxes, you will save up to 30 percent of the amount you spend on your commute up to the allowable dollar limit. If the cost of your pass exceeds the applicable dollar limit, then the excess will be deducted from your take-home (after-tax) pay. For out-of-pocket expenses If your transit is not yet available for purchase directly from WageWorks, the cost (up to the applicable dollar limit) will be deducted from your gross wages and returned to your take-home pay after you submit your receipt or other documentation. By not paying taxes, you will save up to 30 percent of the amount you spend on transit up to the allowable dollar limit.
