Sunday 6 January 2019

2019 commuter benefits monthly limit increased from $260 to $265

For tax year 2019, the monthly limitation for the qualified transportation fringe benefit is $265, as is the monthly limitation for qualified parking, up from $260 for tax year 2018.

Qualified Transportation Fringe Benefits includes transit passes and vanpooling expenses. Qualified parking is parking employers provide to its employees on or near your business premises. It includes parking on or near the location from which your employees commute to work using mass transit, commuter highway vehicles, or carpools. It doesn't include parking at or near your employee's home.