2012 Qualified Commuter Benefits $125 Monthly
for Transit Expenses and $240 Monthly for Parking
Expenses:
Core Documents provides employers with everything
they need to establish a Section 132 Commuter
Plan for only $99 plus $15 shipping and handling.
Click on the "Section 132 Transit Plan"
hyperlink in the blue right side bar for more
information.
Section 132 commuter transit and parking expenses
that do qualify for
reimbursement:
-
Transit
Passes:
— A pass, token, fare card, voucher
or similar item entitling a person to transportation
on mass transit facilities or provided by
a person who transports people for compensation
or hire in a vehicle which seats at least
six adults, excluding the driver.
-
Commuter
Highway Vehicle:
— Transportation provided by an employer
to an employee, in a vehicle which seats at
least six adults (excluding the driver), in
connection with travel between the employee's
home and work, provided that 80% of the vehicle's
mileage is reasonably expected to be for transporting
employee from home to work or on trips where
at least half of the adult seating capacity
is filled by employees.
Expense Limitations:
— Transit Passes & Commuter Expenses
$125.00 per month for 2012.
— Qualified Parking
$240.00 per month for 2012.
For a calendar year, $20 multiplied by the
number of qualified bicycle commuting months
during that year for qualified bicycle commuting
reimbursement of expenses incurred during
the year.
Commuter transit and parking expenses that do
not qualify for reimbursement.
- Walking.
- Carpooling.
- Rollerblading or Rollerboarding to work.
See
IRS Government Publication 15B
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