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).