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 under section 274 for expenses related to certain transportation and commuting benefits provided by employers to their employees. A panel from Best Workplaces for Commuters and Coalition for Smarter Transportation summarized the regulations and discussed implications. The panel highlighted the IRS guidance on how to determine the amount of such expenses that is not deductible and apply certain exceptions under section 274(e) that may allow such expenses to be deductible.

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