PBS Qualified Transit Account QTA
What is a Qualified Transit Account?
A Qualified Transit Account (QTA) allows you to set aside pre-tax dollars to cover qualified transportation expenses incurred on your way to and from your place of employment.
How can I use the funds?
QTA funds are loaded onto your PBS Prepaid Benefits Card as they are contributed each pay period. The PBS Prepaid Benefits Card allows you to swipe for your pre-tax transit contributions at eligible transit providers.
The PBS Benefits Card is valid for five years. Please check the expiration date on your card. Funds will be re-loaded every plan year you participate, and new cards will not be sent unless you lose the card or request for additional cards to be sent to your home.
What are considered eligible QTA expenses?
Examples of qualified out-of-pocket transportation expenses that can be paid for with a QTA include:
- Commuter van pools (Lyft Line, UberPool, and other public/ride-sharing transportation services)
- Train tickets
- Ferry Tickets
- Bus Tickets
- Subway Tickets
Only expenses incurred by the employee are eligible for reimbursement; spousal or dependent travel or parking expenses will not be reimbursed.
*You are permitted to enroll in both a Qualified Parking Account and a Qualified Transit Account. The funds cannot be transferred between your parking and transit accounts.
How much can you elect to contribute to a QTA?
The IRS sets the maximum limits for these benefits on a yearly basis. For 2023, you may contribute on a pretax basis up to $300.00 per month.
What happens if all the QTA money is not used?
QTA funds roll over from month-to-month and to your next new plan year to utilize for as long as you are an active, full-time employee.
How can PBS assist?
Our call center is open during PBS’ business hours to help answer any questions you may have! You may also use our automated phone system to check your pre-tax account balance(s) 24/7. PBS also provides employees with an online portal to manage your account through the web and a mobile app “PBS Benny” for on-the-go convenience!
For more information on your plan and plan specifics, please inquire with HR for a copy of your QTA plan document.