Parking Deductions – Pre-Tax Parking Plan
Employee parking permits for the 2024-25 academic year will be automatically renewed as communicated in the May 2, 2024 Daily Digest (UConn Daily Digest). For parking permit rates effective as of July 1, 2024, see the July 25, 2024 Daily Digest (UConn Daily Digest ). Payroll deductions for employee parking permits will continue to be made on a pre-tax basis unless an employee had previously chosen to opt out of the Pre-Tax Parking Plan. Pre-tax deductions serve to reduce the amount of federal income tax, state income tax, and FICA tax withheld from each paycheck.
No action is required for employees who have authorized paying for their parking permit through payroll deductions, and:
- Are currently enrolled in the University’s Pre-Tax Parking Plan and choose to remain enrolled in the Pre-Tax Parking Plan; or
- Have previously opted out of the University’s Pre-Tax Parking Plan and choose to continue to not participate in the Pre-Tax Parking Plan.
Employees who choose to change their current participation status in the University’s Pre-Tax Parking Plan can make this change at any time by completing and submitting the online Parking Deduction Tax Designation Election Form.
If you have any questions, please contact the Payroll Department by using the form below.