parking Archives - Employee Benefits I AP Benefit Advisors

IRS Announces 2020 Contribution Limits for Health Care FSAs and Qualified Transportation Plans

Today, the Internal Revenue Service announced the tax year 2020 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases).  Revenue Procedure 2019-44 provides details about these annual adjustments. The 2020 tax items of greatest interest to our clients that are […]

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IRS Announces 2019 Contribution Limits for Health Care FSAs and Qualified Transportation Plans

Today, the Internal Revenue Service announced the tax year 2019 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes (generally referred to as cost-of-living increases).  Revenue Procedure 2018-57 provides details about these annual adjustments. The 2019 tax items of greatest interest to our clients that are […]

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Fiscal Cliff Deal Increases Transit Benefit to $240 per month (Update 1/11/13: Now $245)

*Update 1/11/2013:  As part of the IRS’ Annual Adjustments for inflation, they have increased both parking and transit benefits to $245 per month. See IRS Rev. Proc. 2013-15.  While neither Republicans nor Democrats seem thrilled with the results of the deal resolving the fiscal cliff, transit commuters scored an unexpected windfall. Included in the package […]

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