2014 Limits on Parking & Transit

2014 Limits on Parking & Transit – PDF Version

2014 Limits on Parking & Transit

 In addition to all of the hype regarding the modifications to the “Use-or-Lose” Rule for  FSAs, Congress also recently released the Qualified Transportation Fringe Benefit Limits for 2014.   The limits for 2014 include:

  • The monthly limit on the amount that may be excluded from an employee’s income for          qualified parking benefits is $250 (a $5 increase from the 2013 limit of $245).
  •  The combined monthly limit for transit passes and vanpooling expenses for 2014 is $130 (a $115 decrease from the 2013 limit).
    • Note: The substantial decrease in the combined monthly limit for transit passes and vanpooling expenses is due to the expiration of the “rule of parity”. The temporary “rule of parity” made the combined limit for transit passes and vanpooling expenses the same as the parking limit for 2012 and 2013. At this time, it is uncertain if the Congress will extend this rule.

For more information regarding the 2014 Qualified Transportation Fringe Benefit Limits and the “Use-or-Lose” Rule for FSAs please join us for our upcoming webinars or contact us at info@beneflexhr.com.


Webinar Dates: 

Friday     11/8/2013 12:00 PM – 1:00 PM CDT

Monday     11/11/2013 2:00 PM – 3:00 PM CDT