Category: "Transportation Plans"

IRS Released 2018 FSA and Transit Limits

20 October, 2017

The IRS has released the 2018 FSA and Transit/Parking plan limits. Please refer to the chart below to see the new 2018 limits and a side-by-side comparison of the 2017 limits. 2018 contribution limits released The IRS has released some of the limits for 2018. We have created a helpful chart that you...

Know your limits! IRS announces taxable benefit amounts for 2017 payroll planners

15 November, 2016

It’s that time of the year again – employers are preparing for payroll and benefit changes for 2017. The IRS issued dozens of tax provisions in Revenue Procedure 2016-55, including transportation, health savings accounts and flexible spending arrangement limits. Transportation Benefits Transportat...

Three Cities Where Offering Commuter Benefits is the Law

09 March, 2016

About 2.7 million U.S. workers receive pre-tax commuter benefits from their employers through an IRS Section 132 plan. At the federal level, legislation passed in late 2015 that established equal tax-free limits for transit passes, van-pool benefits and parking benefits, retroactive to January 1, 20...

Top Six Benefit Trends for 2016

12 January, 2016

As 2015 has come and gone, most people are looking ahead to what 2016 will bring. Whether their resolutions include personal health, professional growth, or time with loved ones, chances are good that the benefits they receive at work will be important to at least one of the goals. Check out some of...

IRS Issues Form 941 Filing Guidance

02 February, 2015

In order to reduce the burden on employers to file and report on the retroactive increased exclusion for 2014 transit benefits ($130 to $250), the IRS released Notice 2015-2 that explains how employers can correct FICA tax overpayments and report proper amounts on Forms 941 and the W-2.  Although is...