Qualified Transportation Fringe Benefit Limits to Increase in 2023
Qualified Transportation Fringe Benefit Limits to Increase in 2023 Highlights: The 2023 monthly limit for transportation in a commuter highway vehicle and transit pass (combined) is $300. The 2023 monthly limit for qualified parking is $300. These amounts represent a $20 increase from the 2022 limits. The IRS has released Revenue Procedure 2022-38, which includes cost-of-living […]
