Archive | Qualified Transportation PLan

Transit

Transit Flex Cards Now Accepted by UberPOOL

Transit Flex Cards Now Accepted by UberPOOL Employees enrolled in the transit benefit can now use their Flex Cards for transit expenses via UberPOOL! UberPOOL uses an eligible van pool vehicle to transport people traveling to the same place at the same time.  This allows commuters to save money on their trip and now they […]

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Congress Makes Last Minute Updates to Pre-Tax Plans in 2015

Congress Makes Last Minute Updates to Pre-Tax Plans in 2015 December was a busy month for pre-tax plans. Many employers, participants, and administrators made their voices heard in Washington, DC by reaching out to their representatives asking them to vote to make changes to the upcoming Cadillac Tax. The tax was originally scheduled to  take […]

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Transit

IRS Announces 2016 Monthly Qualified Transportation Plan Limits

IRS Announces 2016 Monthly Qualified Transportation Plan Limits 2016 Qualified Transportation Fringe Benefits Update: On Wednesday, October 21, 2015, the Internal Revenue Service announced changes to monthly limits on the value of qualified transportation fringe benefits that an employer can provide its employees without being included in taxable income. For 2016, the monthly limit on […]

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Transit and Parking Limits for 2015

IRS Announces 2015 Monthly Qualified Transportation Plan Limits

2015 Qualified Transportation Fringe Benefits Update: On Thursday, October 30, 2014, the Internal Revenue Service announced no changes to monthly limits on the value of qualified transportation fringe benefits that an employer can provide its employees without being included in taxable income. For 2015, the monthly limit on the amount that may be excluded from […]

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IRS Announces 2014 Standard Mileage Rates

The Internal Revenue Service has issued the 2014 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on January 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:   […]

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Transit and Parking Benefit Parity Gets Reinstated – 2013 Limits Updated

The recently passed legislation averting the so-called ‘fiscal-cliff’ American Taxpayer Relief Act of 2012 (HR 8) included a provision that will re-establish parity between the parking and transit benefits at $240/month. The provision is effective immediately and is set to expire at the end of 2013. We have made changes to our system to increase […]

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2012 Transit and Parking Limits – IRS announcement

Update October 31, 2011 — This page has been updated to reflect the fact that the Qualified Transportation Fringe Benefits changes under ARRA which were to expire at the end of 2010, were extended through December 2011 by the Tax Relief and Job Creation Act of 2010. Under the American Recovery and Reinvestment Act (ARRA), […]

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