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Pretax Parking Program

This page provides highlights of the SDSU Research Foundation Pre–Tax Parking Deduction Plan. Pre–tax parking plans are governed by rules set by the Internal Revenue Service (IRS) and supersede this document in the event of any discrepancy. SDSU Research Foundation reserves the right to modify or discontinue the Plan at any time. Questions about the Plan should be directed to SDSU Research Foundation's Human Resources Office.

The SDSU Research Foundation Pre–Tax Parking Deduction Plan will allow eligible employees, who park on campus, to pay for parking expenses with pre–tax dollars. Parking expenses will be deducted each pay period from salary before federal, state, Social Security and Medicare taxes are calculated. As a result, employees are taxed on a lower amount of pay, and consequently, taxable income reflected on employees' W–2 statement is reduced.

This pre–tax benefit will not impact TIAA–CREF retirement or any other pre–tax contributions being made. However, it may slightly reduce Social Security benefits at retirement if Social Security taxes are paid on a lower wage.


Eligibility

Regular employees, hourly "TB" employees, and additional employment "OL" employees that purchase a parking permit through payroll deduction, to park on campus, are eligible to participate in this plan. Employees who pay for parking through any means other than payroll deduction are not eligible for this benefit.


Enrollment and Effective Date of Participation

New employees will be automatically enrolled in the Plan after receipt of notification that the employee has signed up for a parking permit through payroll deduction.

For employees that do not wish to participate in the plan and want to pay for parking expenses on a post-tax basis, a Pre–Tax Parking Deduction Plan Authorization / Declination Form must be completed and returned to SDSU Research Foundation's Human Resources Office. Please contact Human Resources to obtain this form.

Participation in the Plan will continue from month to month until SDSU Research Foundation's Human Resources Office receives an election to cancel pre–tax deductions, the parking permit is returned to SDSU Cashier's Office, the employee becomes ineligible to participate in the plan, or separation from employment occurs.


Change of Election

Employees may change elections to participate in the plan at any time by completing the Pre-Tax Parking Deduction Plan Authorization / Declination Form and submitting it to SDSU Research Foundation's Human Resources Office. The change will be effective after the receipt of notification as appropriate.


Eligible Expenses

This pre–tax benefit is available only through payroll deduction for qualified parking as defined by the IRS Code Section 132(f). The IRS defines qualified parking as parking at or near a work location or at a location from which employees commute to work by carpool.


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