Transportation Plans
How do I file a claim for reimbursement?
Simply complete and send the appropriate Reimbursement Request Form to Hirsch Financial Services, Inc. Receipts or a daily log of expenses must accompany the Reimbursement Request Form. Reimbursements will be capped at your account balance; therefore, you will only be reimbursed the lesser of the reimbursement requested, the balance in your pretax account at the time the reimbursement is issued, or the monthly maximum established by the Internal Revenue Service (2007 limits are $215 for parking and $110 for mass transit; 2008 limits are $220 for parking and $115 for mass transit). Per IRS regulations, claims should be submitted no later than six months after you have incurred the expense.
Transportation Request for Reimbursement.
Note: The tax application of payroll to these expense areas may vary from state to state. Check with your tax counsel for the rulings in your jurisdiction. Neither Hirsch Financial Services, Inc. nor your employer assumes responsibility for the accuracy of your calculations or for the resulting tax savings, and neither is in any way rendering tax advice.
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