Wageworks Special Handling 2014-2025 Form
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People also ask
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How much can you put on a WageWorks commuter card?
You can use pre-tax dollars to pay for your commute (up to $315/month for transit and up to $315/month for qualified parking) and save on taxes. TransitChek commuter benefits cover all types of commuting - subway, bus, train, ferry, vanpool and parking. Use TransitChek benefits to save money.
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How do I use my WageWorks transit voucher?
You can use your card at transit agency ticket machines and on many transit agency websites. SmartCards. You can choose to have funds from your account loaded directly to your transit agency's SmartCard.
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How do I submit a receipt to WageWorks?
Just log into your WageWorks account on the EZ Receipts app, click Submit New Receipts, and follow the prompts to submit a claim and snap photos of your receipts to be reimbursed from your WageWorks account. You can also snap a picture and save the receipt to use later when you file your claim.
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What happens to WageWorks when you quit?
If you leave your employer, you forfeit any pre-tax funds left in your account, although you are refunded any remaining post-tax funds. If you think a change may be coming, the best thing to do is log into your WageWorks account and adjust your elections as soon as possible.
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Can unused commuter benefits be refunded?
Per IRS regulations, your employer can't refund your unused commuter benefits funds back to you. However, you can submit claims for eligible expenses incurred during employment. The final filing date for these claims is employer specific. Expenses cannot be older than the claim year.
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Does WageWorks money expire?
If your employer has the Commuter Account Model and you have unused funds in your account, you may submit new ordering instructions, and you have ninety (90) days from the date of termination of your employment to use the funds in your account for eligible expenses.
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What happens to unused WageWorks money?
Any unused pre-tax funds will be forfeited to your employer, and any post-tax funds will be refunded to you at the end of the ninety (90)-day period.
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What happens to my FSA money if I don't spend it?
For employees, the main downside to an FSA is the use-it-or-lose-it rule. If the employee fails to incur enough qualified expenses to drain his or her FSA each year, any leftover balance generally reverts back to the employer.
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