Cost of Living Adjustment for QTBs
Posted on: 10/26/2015 10:37 AM
For 2016, the monthly limit on the amount that may be excluded from an employee’s income for qualified parking benefits will be $255, which is a $5 increase from the 2015 monthly limit of $250. The combined monthly limit for transit passes and vanpooling expenses for 2016 will remain at $130.
*From EBIA Weekly