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Transportation Fringe Benefits

21. October 2009 08:44

The IRS has released the 2010 cost-of-living adjustments for a variety of tax benefit limits.

For 2010, the monthly limit on the amount that may be excluded from an employee's income for qualified parking benefits will be $230, which remains unchanged from the 2009 limit. The combined limit for transit passes and vanpooling expenses is also unchanged at $230 due to the American Recovery and Reinvestment Tax Act of 2009.

For more information, click here.

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