About those free passes and free parking
Author: Edward
Date: 08-28-2015 - 22:12
If your employer chooses to do it he can provide a benefit that is not taxable income to you, but is a business deduction for him. In 2015 he can provide up to $250 per month to subsidize parking or up to $130 per month to subsidize transit, but not both. Last year there was a temporary change that made them both $250 for the 2014 tax year, but it has expired.