News & Analysis as of

Fringe Benefits Commuter Tax Benefits

McDermott Will & Emery

Summary of Commuter Benefit Laws (Current as of Feb. 3, 2020)

McDermott Will & Emery on

An increasing number of jurisdictions around the country, including parts of California, New Jersey and Washington, DC, are mandating that employers provide commuter benefit programs that allow employees to pay for commuting...more

Dorsey & Whitney LLP

Seattle Employers: Prepare for Employee Commuter Benefits

Dorsey & Whitney LLP on

Effective January 1, 2020, Seattle employers with twenty or more employees worldwide must offer their employees the opportunity to make pre-tax payroll deductions for transit or vanpool expenses. The goal of the new Seattle...more

Jackson Lewis P.C.

New Jersey Requires Employers To Offer Employees Pre-tax Commuter Benefits

Jackson Lewis P.C. on

Last month, New Jersey Governor Phil Murphy signed S.1567 into law, making the Garden State the first state to mandate a commuter benefit law, joining cities such as New York and San Francisco that have similar laws. In...more

Patterson Belknap Webb & Tyler LLP

Impact on Commuter Benefits Programs

The tax reform bill (H.R. 1) approved by the House and Senate this week, and expected to be signed by the President, eliminates the deduction available to employers for the provision of qualified transportation fringe (“QTF”)...more

Proskauer - Employee Benefits & Executive...

Deja-Vu All Over Again: Congress Once Again Retroactively Increases Mass Transit Benefit Limits

Prior to the enactment of the Tax Increase Prevention Act of 2014 (“TIPA”) in December 2014, effective for 2014, mass transit commuters were only able to contribute a maximum of $130 per month on a pre-tax basis toward their...more

Morgan Lewis

Immediate Action Required to Maximize Tax Savings for Mass Transit

Morgan Lewis on

Congress and the IRS have expanded the availability and procedures for maximizing the income tax and FICA tax exclusion for mass transit benefits, but immediate action is required to satisfy the IRS special relief provisions...more

Dorsey & Whitney LLP

Immediate Action Required for Employers that Provided Transit Benefits to Employees in 2014

Dorsey & Whitney LLP on

On December 19, 2014, President Obama signed the Tax Increase Prevention Act of 2014 (“TIPA”), which in part retroactively increases the monthly limit for employer-provided transit benefits to $250 from $130 (the same...more

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