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.