For 2017, Massachusetts has issued a Technical Information Release regarding the personal income tax exclusion amounts for employer-provided parking, transit pass, and commuter highway vehicle benefits allowed to employees. The Massachusetts monthly exclusion amounts for taxable years beginning in 2017 are: $255 for employer-provided parking $135 for combined transit pass and commuter highway vehicle transportation […]Continue Reading →
Posts Tagged 'transit benefits'
On January 11th, 2016, the IRS issued guidance to help clarify how the retroactive increase in excludable tax benefits applies for 2015. We encourage all clients to read the full text of the guidance, as it outlines detailed procedures and examples that may apply to your specific situation. Here is a brief overview of the […]Continue Reading →