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According to IRS, Qualified Transportation Fringe Benefit limit will increase from $260 per month to $265 per month in 2019. For taxable years beginning in 2019, the monthly limitation under § 132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and
Read more →In 2017, Florida transit agencies and commuter services programs operated 617 vanpools in service. They carried over 42,000,000 passenger-miles at a weighted average cost of $0.15 per mile. They made 1,388,000 passenger trips. For more information on how you can start or join a vanpool, please contact
Read more →Disclaimer: CUTR and its employees do not provide tax, legal or accounting advice. The following information has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax,
Read more →Hurricane Irma aftermath could disrupt commuting habits and patterns in Florida for a long time. For example, some commuters and employers may be forced to relocate and transportation options may change. Private vehicles may have been damaged. Gasoline may be more expensive and/or difficult to find in
Read more →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.
Read more →Transportation systems in many North American cities are being disrupted by the arrival of a new form of ridesharing: the “smart-phone dispatched shared ride”. Some claim these are unregulated taxis, while others see this as the key to unlocking the empty-seat resource to reduce congestion. Some regulators
Read more →Commuting can be expensive when considering the operating costs like gasoline, parking, and tolls and other costs such as insurance and depreciation. 1. Carpool at least once per week and you can cut at least 10% of your costs 2. Accelerate and brake smoothly from a stop
Read more →The Florida Department of Transportation has identified three (3) areas of the State of Florida as “Areas of Critical Concern.” These three areas include twenty-eight (28) of Florida’s thirty-two (32) rural counties: 1. Calhoun, Franklin, Gadsden, Gulf, Holmes, Jackson and Liberty Counties (and a small area within
Read more →The 2008 Florida Commuter Choice Summit, sponsored by the Florida Department of Transportation (FDOT), and co-hosted by the St. Petersburg Downtown Partnership and University of South Florida’s Center for Urban Transportation Research (CUTR), was held on December 4 and 5, 2008 at the Hampton Inn & Suites in St. Petersburg,
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