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Commuter Services

Transit and Vanpool Fringe Benefit Limits Increased to $260 per Month

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. This change aspects of qualified transportation fringe benefits.

For 2018, the monthly exclusion for qualified parking is $260 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $260.

TCJA also suspended the exclusion of qualified bicycle commuting reimbursements from employee’s income for any tax year beginning after December 31, 2017, and before January 1, 2026.

Source: IRS Publication 15-B Employer’s Tax Guide to Fringe Benefits for use in 2018  (pdf)

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