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March 9, 2009

Qualified Transportation Subsidy

The American Recovery and Reinvestment Act of 2009 (“ARRA”) includes a temporary expansion of the mass transit and van pooling monthly limits for qualified transportation.

The monthly limits for qualified transportation prior to the ARRA’s enactment, for 2009, were $120 for combined van pooling and transit passes, $230 for parking, and $20 for bicycle commuter benefits. The van pooling/transit pass limit is increased to match the qualified parking limit to $230 for 2009. The qualified parking and bicycle benefit remain unchanged.

 

The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations.

As required by U.S. Treasury rules, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this Benefit Beat is not intended or written to be used, and cannot be used, by any person for the purpose of avoiding any penalties that may be imposed by the Internal Revenue Service.

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