Employers have had the option to offer qualified transportation fringes on a tax-advantaged basis going back to 1992. Since 1998, employees have been able to pay for these benefits through pretax salary reductions under Internal Revenue Code (IRC) § 132(f). The tax exemption extends to commuting expenses for transit passes, qualified parking and van pools. For the 2009 through 2017 tax years, the tax exemption also applied to qualified bicycle commuting.

Accede al recurso completo

Fuente: Mercer