IRS Announces Commuter Benefits Pre-Tax Limits for 2020

The IRS released the 2020 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2020.

For 2020, the monthly limit for commuter benefits will be $270. That’s up $5 from the 2019 limit.

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 a 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: