
Understanding "Tax Parking" on Your Earnings Statement
You may have noticed a new line item called "Tax Parking" under the earnings section of your paystub. Here's what this represents:
CUNY pays an administrative fee to EdenRed to provide the commuter card benefit program. According to IRS regulations, this employer-paid administrative fee is considered a taxable fringe benefit that must be reported as part of your taxable income.
Important clarifications:
- You are not receiving this amount as cash or additional pay
- It does not increase your gross salary
- It does increase your taxable income for federal withholding purposes only
- This is separate from your own after-tax commuter benefit contribution, which appears in the “After-Tax Deductions” section of your paystub