Employee Benefits

Are commuting (transportation) expenses taxable?

Qualified Transportation Fringe Benefits in 2010

In 2010, employees may exclude from income $230 per month in transit benefits and $230 per month in parking benefits –– up to a maximum of $460 per month. Employees may receive benefits for commuter transportation and transit passes and benefits for parking during the same month; they are not mutually exclusive...

 

 

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