Brockton Area Transit Authority
Cape Ann Transportation Authority
Greenfield Montague Transportation Area
Martha's Vineyard Transit Authority
Qualified transportation fringe benefits (Section 132(f) of the Internal Revenue Code) or "Commuter Tax Benefits" are like money in the bank. Employers save on payroll related taxes. Employees save on federal income taxes. Also check out Frequently Asked Questions for more details about Commuter Tax Benefits.
Tax Free Benefits for Commuters Increases in 2008 Employers may provide workers with up to $115 per month in tax-free transit and vanpool benefits in 2008 According to Internal Revenue Bulletin, for taxable years beginning in 2008, the monthly limitation under Section 132(f)(2)(A) Qualified Transportation Fringe Benefits regarding the aggregate fringe benefit exclusion amount for vanpools (commuter highway vehicles) and transit passes is $115 (up from $110 in 2007) The monthly limitation under Section 132(f)(2)(B) regarding the fringe benefit exclusion amount for qualified parking is $220 (up from $215 in 2007). Commuters can receive both the transit and parking benefits (i.e., up to $335 per month).