Technorati Tags: Parking,Transit,Bus Passes,Van Pooling 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 [...]
Technorati Tags: Parking,Bus Passes,Transportation,Section 132,Van Pooling By Ric Joyner, MBA, CEBS, GBA, CFCI ARRA allowed an increase for van pooling and bus passes (etal) that was $230. This will end as of 12-31 for bus passes and van pooling unless congress acts. However, it most likely will not. It will revert back to $100 versus [...]
Used with permission 10-20-08 Cynthia Vanbogart, JD Boardman Law, Madison WI This FYI provides information about a new bicycle commuting benefit that may be of interest to employers thinking “green.” Starting in 2009, bicycle commuting expenses of up to $20 per month can be reimbursed by the employer on a tax-free basis. Reimbursable expenses include the cost [...]
Issue Number: IR-2008-118 Inside This Issue WASHINGTON — The Internal Revenue Service today announced cost‑of‑living adjustments applicable to dollar limitations for pension plans and other items for tax year 2009.Section 415 of the Internal Revenue Code provides for dollar limitations on benefits and contributions under qualified retirement plans. It also requires that the Commissioner annually [...]
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