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
Read more →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)
Read more →