Public Transit Tax Credit (Federal): Who Qualifies and What You Get
Learn if you qualify for the federal tax credit on monthly transit passes and how to claim it on your taxes.
This federal program provides a tax credit to help offset the costs of using public transportation.
Who it's for
This credit is primarily available to seniors and certain specific groups. Eligibility can change depending on the current budget year, so you will need to check the rules for your specific tax year.
What you get
If you qualify, you can receive a tax credit based on the amount you spent on monthly transit passes.
What it costs you
There is no fee to apply, but you are responsible for keeping all your transit receipts. You will need these documents as proof of your spending when you file your tax return.
The catch to know
The federal credit has been eliminated for most adults. You must check the specific rules for the current budget year to see if you still meet the requirements for eligibility.
How to apply
- Collect and save all receipts for your monthly transit passes.
- Determine if you meet the eligibility criteria for the current budget year.
- Include your transit expenses when filing your annual tax return.