Is there a dollar limit on the value of transportation fringe benefits that an employer provides to its employees?

Author: Alice Gilman

Yes. The limits are:

  • Up to $255 per month (effective 1-1-16) for qualified parking benefits;
  • Up to $255 per month for transportation in a commuter highway vehicle and for any transit pass; and
  • Up to $20 per month in bicycle commuting reimbursements (this amount is not adjusted annually for inflation).