The npower League Two outfit claimed a third Barclays Premier League scalp in the competition when they defeated Aston Villa 4-3 on aggregate despite losing the second leg 2-1 at Villa Park last night.
Striker James Hanson, who was stacking shelves in a supermarket only three years ago, scored the decisive second-leg goal to set up a final meeting with either Swansea or Chelsea.
Bradford are only the second fourth-tier club to reach the final of the competition after Rochdale in 1962 and will face the winners of tonight's semi-final between Swansea and Chelsea.
Parkinson said: "These lads will be remembered in the history of Bradford City for years to come.
"There's a 1911 lounge at the club to celebrate the cup victory of that year.
"Well, in years to come, there will be a lounge named after this cup run and these players because of what they've achieved."