News

20 122017

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.

28 122016

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

28 122015

Transit Benefit Parity Established!

As part of the Omnibus Appropriations Bill that was passed by Congress and signed by the President before the 2015 winter break, transit benefits were given permanent parity with parking benefits. Starting January 1, 2016, transit benefit has a monthly maximum of $255.00 per month, up from $130.00 per month, and parking benefits has a

15 122015

Transit Benefits Remain $130/mo for 2016

The tax-free limits for transit and parking benefits for the calendar year beginning January 1, 2016 are $130.00 per month for transit and $255.00 per month for parking, per IRS Revenue Procedure 2015-53 (https://www.irs.gov/pub/irs-drop/rp-15-53.pdf). See all News Additional Information: For questions or assistance, please call us at 877-587-6236 or email us at support@tranben.com.

01 012015

Transit Benefits Remain $130/mo for 2015

The tax-free limits for transit and parking benefits for the calendar year beginning January 1, 2015 remain $130.00 per month for transit and $250.00 per month for parking, per IRS Revenue Procedure 2014-61 (http://www.irs.gov/pub/irs-drop/rp-14-61.pdf). See all News Additional Information: For questions or assistance, please call us at 877-587-6236 or email us at support@tranben.com.

12 122013

Transit Benefits Lowered to $130/mo for 2014

Please note the changes to the monthly tax-free limits for transit and parking benefits that go into effect on January 1, 2014. According to the IRS guidelines (which can be found at http://www.irs.gov/irb/2013-47_IRB/ar11.html), the 2014 pretax limit for transit benefits is dropping to $130/mo and the parking benefit is increasing to $250/mo. This will only

11 012013

IRS Adjusts Commuter Benefit to $245

Taken from IRS.gov - http://www.irs.gov/uac/Newsroom/Annual-Inflation-Adjustments-for-2013 "WASHINGTON — The Internal Revenue Service announced today annual inflation adjustments for tax year 2013, including the tax rate schedules, and other tax changes from the recently passed American Taxpayer Relief Act of 2012. For tax year 2013, the monthly limitation regarding the aggregate fringe benefit exclusion amount for transit

03 012013

Transit Benefit Increase for 2013

Last night, Congress passed the “American Taxpayer Relief Act of 2012”, and when it is signed into law, the tax-free transit benefit monthly maximum will increase to $245.00 per month. As part of the bill, Congress voted to re-establish transit benefit parity with the parking benefit for the 2013 calendar year. Since the 2013 tax-free

02 012013

Congress Increases Transit Benefit to $245.00 Per Month for 2013

When the “American Taxpayer Relief Act of 2012” is signed into law, the tax-free transit benefit monthly maximum will increase to $245.00 per month. In the bill, Congress voted to re-establish transit benefit parity with the parking benefit. Since the 2013 tax-free maximum for the parking benefit is $245.00 per month, transit benefits will increase

26 102012

California Passes New Regional Commuter Benefit Bill

From The San Jose Business Journal A regional commuter benefit bill that was signed by Gov. Jerry Brown will allow companies in the Bay Area more options to offer their employees pre-tax commuting benefits. Starting Jan. 1, 2013, Bay Area businesses with more than 50 employees can offer commuting benefits to employees who work more