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2021 pre-tax commuter benefit IRS limits

The IRS released the 2021 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2021. For 2021, the monthly limit for commuter benefits will be $270. That’s the same amount as 2020. Pre-tax commuter benefits can be used to pay for: Train Bus Subway Trolley Water Taxi Light Rail […]

November 20, 2020
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The IRS released the 2021 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2021.
For 2021, the monthly limit for commuter benefits will be $270. That’s the same amount as 2020.
Pre-tax commuter benefits can be used to pay for:

  • Train
  • Bus
  • Subway
  • Trolley
  • Water Taxi
  • Light Rail
  • Ferry
  • Rideshare (Uber Pool, Lyft Shared)
  • Parking, Meter, Garages and Lots
  • Vanpool

It’s important to highlight that employees can participate in both mass transportation and qualified parking.
Watch the video to learn how commuter benefits work:

 
 
 
If you are interested in commuter benefits, download our Definitive Guide to learn more: