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Transportation Account Highlights
Two Accounts
The Transportation Spending Accounts include a Transit Account and a Parking Account. You can participate in either or both accounts.
Differences from Health Care and Dependent Care Accounts
While the Transportation Spending Accounts are similar in many ways to the Health Care Spending Account and the Dependent Care Spending Account, these accounts are subject to different rules under the Internal Revenue Code (IRC).
The Transportation Spending Accounts are more flexible than the other Spending Accounts in several ways, including:
  • You can choose to make before-tax and after-tax payroll deductions to pay for your eligible monthly commuter pass/ticket and/or parking expenses; and
  • You can enroll in the Transportation Spending Accounts, change, or cancel your contribution rate at any time during the year on a monthly basis. You must make these elections by the first of the month prior to the month you wish to participate, stop or change your election.
No Annual Enrollment Required
Unlike the Health Care and Dependent Care Spending Accounts, you do not need to re-enroll during each Annual Benefits Enrollment. Your elections will continue until you change them.

Transit Account
You can generally contribute up to $280 a month on a before-tax basis for eligible mass transit passes (for example, commuter bus, train, subway, ferry passes, tickets and vouchers) or vanpooling expenses.
Unless you choose the Commuter Card option, your contributions will be used to purchase your passes/tickets, which will be mailed to you by Health Equity.
Parking Account
You can contribute up to $280 a month on a before-tax basis for eligible parking expenses if you drive directly to work or to a location from which you commute to work at JPMorgan Chase (for example, park and ride).
When you enroll, you will choose either:
  • the "Pay My Provider" option, where your contributions are used by Health Equity to pay your garage directly, or
  • the "Pay Me Back" option, where you file claims to be reimbursed by Health Equity from your account, for eligible parking expenses, or
  • a parking Commuter Card that you can use to pay for parking as needed, so you don't have to file claims to be reimbursed.
Automatic After-Tax Contributions
You can contribute on a before-tax basis to either account.
If your commuting/parking costs exceed the legal before-tax monthly limits under the Transportation Spending Accounts, those additional costs will automatically be deducted through payroll deductions on an after-tax basis.
Contribution Limits May Change
The maximum before-tax contribution amounts shown here are legal limits for the calendar year 2022. The limits may change periodically subject to Internal Revenue Service (IRS) regulations.
Eligible Expenses
Eligible expenses can include expenses that you incur in your commute (such as mass transit costs and parking expenses) between your home and work at JPMorgan Chase that can be paid for under federal tax law with money you've contributed to the Transit Account and/or Parking Account. These expenses are subject to monthly maximums under federal law. Please Note: Any eligible expenses that exceed monthly before-tax maximums will be deducted on an after-tax basis.
The Transportation Spending Accounts do not cover commuting or parking expenses for dependents.
Claims Administrators
Health Equity (formerly known as WageWorks) is the claims administrator for the Transportation Spending Accounts.