Last month, legislation was passed that retroactively increased the 2014 transit benefit monthly limit from $130 to $250. The IRS has issued new guidance to help employers understand what action they may need to take. This includes a special administrative procedure for employers to use in filing Form 941 for the fourth quarter of 2014. Special […]Continue Reading →
Posts Tagged 'transit'
To help offset the high cost of commuting, many employers have implemented (or considered implementing) a qualified transportation plan as part of their employee benefit programs. A transportation benefit program typically includes items such as parking expenses, transit passes, vanpooling expenses, and more. If you currently have a transportation benefit program in place or are considering […]Continue Reading →