Qualified transportation benefits - monthly transit and parking limits for 2013
Parking has also increased to $245, up from $240 in 2012.
Details are in Revenue Procedure 2013-15, available at http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
Thursday, January 17, 2013
IRS Increases Transit & Parking Limits
As a result of the American Taxpayer Relief Act of 2012, the IRS has released additional annual inflation adjustments and other tax changes for tax year 2013.
For the 2013 tax year, the monthly limit for transit passes and transportation in a commuter vehicle is $245, up from $240 in 2012.
Parking has also increased to $245, up from $240 in 2012.
Details are in Revenue Procedure 2013-15, available at http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
Parking has also increased to $245, up from $240 in 2012.
Details are in Revenue Procedure 2013-15, available at http://www.irs.gov/pub/irs-drop/rp-13-15.pdf
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