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Qualified Transportation Fringe Benefit Rates for 2017

According to Internal Revenue Service’s  Revenue Procedure 2016-55, the monthly limitation under § 132(f)(2)(A) regarding the aggregate qualified transportation fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $255 for taxable years beginning in 2017.  The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $255. Bicycle commuting reimbursement limitations remain at $20 per month.

More information on qualified transportation fringe benefits can be found at Best Workplaces for Commuters’ Knowledge Base.