My workplace allows you to get, direct-deposited to your bank account a pre-tax reimbursement for mass transit expenses. Anyone have any experience with this? The amount I spend per month varies and I'm wondering what the consequences are if you find that at the end of the year you've underspent what you requested. I mean, it's not like an HSA where it's use-it-or-lose-it, particularly since it just gets deposited to your bank account, so I guess I mean regulations-wise.
In case anyone else has a similar program know that the amount you can put down doubled due to recent legislation, from $120 to $245, plus, you can put down another $245 for parking.
ps. apparently there's a related program to compensate you for bike commuting expenses up to $20/month.