Should salary reductions for transportation be included in other untaxed income on the FAFSA or Profile? I believe the instructions say not to include cafeteria plan benefits, but I’m not sure if these plans fall under that umbrella or not. Thanks.
According to this publication, http://www.irs.gov/pub/irs-pdf/p15b.pdf, qualified transportation benefits cannot be part of a cafeteria plan. So it seems their value should be included as other untaxed income.