The IRS has announced that the monthly pre-tax parking limit for 2020 will increase from $265 to $270.
GW will continue to offer benefits-eligible employees a pre-tax parking deduction for off-campus and occasional on-campus parking expenses up to the new IRS limit of $270.
As a reminder, SmartBenefits allows you to set aside pre-tax dollars from your paycheck each month to be credited to your WMATA SmarTrip card, which can be used to pay for work-related commuting expenses including Metrorail, Metrobus, and Metro parking. You may elect payroll deductions in increments of $10 with a minimum of $40 up to the current maximum per month of $270 Transit and $120 Metro Parking
Beginning January 1, 2020, log on to go.gwu.edu/easyenroll to review or change your contribution. Note: Employees who newly enroll will see their parking contributions take effect the first of the month coinciding with or following the date listed on their confirmation statement. Changes to contribution levels thereafter will be applied on the first available pay date following the date listed on the confirmation statement.
