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 $265 for taxable years beginning in 2019. The monthly limitation under § 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $265.
Tax Cut and Jobs Act suspended the Bicycle Commuter Benefit (which allowed tax-free reimbursement of up to $20 per month for bicycling to work). It is suspended as a qualified transportation fringe benefit until January 1, 2026.
Please see our Frequently Asked Questions for more information on qualified transportation fringe benefits