Source: https://www.bestworkplaces.org/category/commuter-benefits/
Timestamp: 2020-01-23 05:24:20
Document Index: 493291557

Matched Legal Cases: ['§ 132', '§ 132', '§ 274', '§ 512', '§ 274', '§ 132', '§ 132']

Commuter Benefits – Best Workplaces for Commuters
On December 24, 2019 / Commuter Benefits
On December 20, 2019, H. R. 1865 Further Consolidated Appropriations Act, 2020 (the “Act”) was signed into law as part of a spending bill to fund the government through September 2020. The Act repeals the “qualified transportation fringe benefits tax” paid by tax exempt employers. The Act repeals Section 512(a)(7) of the Internal Revenue Code of 1986 which was passed
On November 8, 2019 / Commuter Benefits
2020 Qualified Transportation Fringe Benefit. “For taxable years beginning in 2020, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $270. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $270. “ [Note the 2019 tax free
On February 14, 2019 / Commuter Benefits, Events, Web Conferences
On Tuesday, February 19, 2019, the Coalition for Smarter Transportation (CoaST) and Best Workplaces for Commuters (BWC) hosted a webinar on ‘A Parking Tax? How New IRS Rules Impact Employers.’ During the webinar, staff from CoaST and BWC reviewed how the Department of Treasury’s recent guidance on parking will impact employers. During the webinar, presenters provided: – A brief overview
On December 11, 2018 / Commuter Benefits
IRS released Notice 2018-99, Parking Expenses for Qualified Transportation Fringes Under § 274(a)(4) and § 512(a)(7) of the Internal Revenue Code. This notice provides interim guidance for employers to determine the amount of parking expenses for qualified transportation fringes (QTFs) that is nondeductible under § 274(a)(4) of the Internal Revenue Code (Code) and for tax-exempt organizations to determine the corresponding increase
Qualified Transportation Fringe Benefit Rates for 2019
On October 29, 2015 / Commuter Benefits
The monthly limitation under § 132(f)(2)(A) regarding the aggregate qualified transportation fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $265 for taxable years beginning in 2019. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $265. Tax Cut and Jobs Act suspended the Bicycle Commuter Benefit (which
2014 IRS Qualified Transportation Fringe Benefit
On November 4, 2013 / Commuter Benefits
The following are the maximum rates for qualified transportation fringe benefits for 2014: – Transit: up to $130 per month – Commuter highway vehicle (e.g.,vanpool): up to $130 per month – Parking: up to $250 per month – Qualified bicycle commuting : reimbursed up to $20 per month Parity between the parking and transit/commuter highway vehicle benefits that was in
On January 2, 2013 / Commuter Benefits
The recently passed American Taxpayer Relief Act of 2012 (i.e., fiscal cliff deal), included Section 203 that extended the parity for exclusion from income for employer-provided transit and vanpool benefits at the same level as parking benefits ($245 per month) through December 31, 2013. In 2009, the American Recovery and Reinvestment Act of 2009 (a.k.a. the stimulus bill) effectively created