The CSU Pre-Tax Parking Deduction plan allows you to pay for CSU parking expenses with pre-tax dollars. This pre-tax benefit is available only through payroll deduction for qualified parking as defined by the IRS and established by our campus.
If you are eligible, participation in the plan is automatic unless you choose otherwise. Deductions are taken from your pay before federal, state, Social Security, and Medicare taxes are calculated. Your taxable income is reduced, and consequently, your taxable income reflected on your annual W-2 statement is reduced.
The CSU Pre-Tax Parking Deduction Plan will have no impact on your CalPERS retirement or on any other CSU paid benefit. However, depending on your salary, your Social Security benefits at retirement may be reduced slightly, because you will have paid Social Security taxes on a lower wage. (For more information, you may wish to consult your tax advisor or financial planner.)
Please refer to the CSU Pre-Tax Parking Deduction Plan Brochure
for additional information.
If you wish to opt-out of this benefit please contact the Benefits office at 619-594-1144 and request a CSU Pre-Tax Parking Deduction Election Authorization form.
Last Update: April 4, 2012
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