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Archive for the Qualified Transportation Fringe Benefits Category

January 21, 2021 – Webinar: Is the Sky Falling? The Effects of Eliminating the Business Deduction of Employer-Provided Commuter Benefits

On January 22, 2021 / Employer Info, Events, Qualified Transportation Fringe Benefits / Leave a comment

On Thursday, January 21, 2021, Best Workplaces for Commuters and the Coalition for Smarter Transportation (CoaST) sponsored the webinar, “Is the Sky Falling? The Effects of Eliminating the Business Deduction of Employer-Provided Commuter Benefits” The IRS recently issued the final regulations addressing the elimination of the deduction

2021 Qualified Transportation Fringe Benefit Monthly Limitation

On November 9, 2020 / Qualified Transportation Fringe Benefits, transit, Vanpool / Leave a comment

As per IRS Revenue Procedure 2020-45: For tax year 2021, the monthly limitation for the qualified transportation fringe benefit remains $270, as is the monthly limitation for qualified parking. (see page 14)