Tag: transportation benefit

Two Transit Parity Bills Languish in Congress

By Dan Macy May 7, 2015 Benefits and Compensation

Updated: May 7, 2015

Despite two transit parity bills introduced so far this year on Capitol Hill, Congress so far has made no indication it will extend the mostly non-controversial proposal to equalize the tax breaks for qualified parking and mass transportation and vanpool commuting expenses. Both bills were introduced in the House and seek to amend the tax […]

Few Will Benefit from Retroactive Increase in Transit Exclusion

By Dan Macy Jan 22, 2015 Benefits and Compensation

Updated: Jan 22, 2015

Only a limited number of employees may benefit from federal legislation that retroactively extended parity between qualified parking and transit benefits, based on new IRS guidance. Notice 2015-2 instructs employers on applying a retroactive tax exclusion to commuters who used part of their 2014 salary to pay for mass transit commuting expenses or received a […]