Parking Benefits Unchanged
The 2011 tax-free monthly amount an employer can provide an employee in qualified transportation benefits is $230, the same as in 2010. The fringe benefit can cover parking costs, combined commuter highway vehicle transportation, and transit passes.
Employers may also offer a plan that lets employees defer tax-free amounts to pay for either transportation or parking benefits.
For more information: www.irs.gov/pub/irs-drop/rp-11-12.pdf.
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