Transit Benefit Increased to $340.00 Per Month for 2026
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2026 will increase to $340.00 per month for transit and $340.00 per month for parking. Please see IRS Rev. Proc. 2025-32 (https://www.irs.gov/pub/irs-drop/rp-25-32.pdf) page 19 for complete information. If you have any questions or would like any assistance with your transit benefit program,
Transit Benefit Increased to $325.00 Per Month for 2025
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2025 will increase to $325.00 per month for transit and $325.00 per month for parking. Please see 2025 IRS Publication 15-B page 22 for complete information. If you have any questions or would like any assistance with your transit benefit program, please call us
Transit Benefit Increased to $315.00 Per Month for 2024
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2024 will increase to $315.00 per month for transit and $315.00 per month for parking. Please see IRS Revenue Procedure 2023-34 page 13 for complete information. If you have any questions or would like any assistance with your transit benefit program, please call us at 877-587-6236
Transit Benefit Increased to $300.00 Per Month for 2023
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2023 will increase to $300.00 per month for transit and $300.00 per month for parking. Please see IRS Revenue Procedure 2022-38, page 14 for complete information. If you have any questions or would like any assistance with your transit benefit program, please
Transit Benefit Increased to $280.00 Per Month for 2022
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2022 will increase to $280.00 per month for transit and $280.00 per month for parking. Please see IRS Revenue Procedure 2021-45, pages 14-15 for complete information. If you have any questions or would like any assistance with your transit benefit program, please call us
Transit Benefit Remains $270.00 Per Month for 2021
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2021 will remain at $270.00 per month for transit and $270.00 per month for parking. Please see IRS Revenue Procedure 2020-45, page 14 for complete information. If you have any questions or would like any assistance with your transit benefit program, please
Transit Benefit Raised to $270.00 Per Month for 2020!
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2020 will grow to $270.00 per month for transit and $270.00 per month for parking. Please see IRS Revenue Procedure 2019-44, page 14 for complete information. If you have any questions or would like any assistance with your transit benefit program, please call us at
TRANSIT BENEFIT RAISED TO $265/MO FOR 2019
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2019 will grow to $265.00 per month for transit and $265.00 per month for parking. Please see https://www.irs.gov/pub/irs-drop/rp-18-57.pdf, page 17 for complete information. If you have any questions or would like any assistance with your transit benefit program, please call us at 877-587-6236 or email us
Transit Benefit raised to $260/mo for 2018
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2018 will grow to $260.00 per month for transit and $260.00 per month for parking. Please see the IRS Rev. Proc. 2017-58 for complete information. Additional Information: For questions or assistance, please call us at 877-587-6236 or email us at support@tranben.com.
Transit Benefits Remain $255/mo for 2017
The tax-free limits for transportation benefits for the calendar year beginning January 1, 2017 remain unchanged, with $255.00 per month for transit, $255.00 per month for parking, and $20.00 per month for bicycle commuting, per IRS Employer’s Tax Guide to Fringe Benefits 2017 (IRS Employers Tax Guide to Fringe Benefits 2017). Additional Information: For