IRS Finally Releases Changes to Transit…And Senate May Vote Next Week to Bring Back to $230!

 

From the KS Health and Welfare Team:

The current transit benefit of $230 per month expires at the end of this month, and the transit benefit reverts back to its prior limit of $120 per month.  The legislation to extend the current income tax rates and unemployment insurance benefits is currently being drafted in the Senate.  This legislation also extends the increased transit benefit of $230 per month through December 31, 2011.  The legislation is expected to be voted on in the Senate early next week, and thereafter addressed by the House.

Kilpatrick Stockton LLP
Mark L. Stember
Kilpatrick Stockton LLP
Suite 900 | 607 14th Street, NW | Washington, DC  20005-2018  
office 202 508 5802 5802 | cell 202 714 5019 | fax 202 585 0018 
mstember@kilpatrickstockton.com

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