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What are the dollar limits on tax-free transit and parking benefits?

April 26, 2017Benefits dollar limits parking tax-free transit

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What are the dollar limits on tax-free transit and parking benefits?

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A. The IRS limits the amount of pre-tax wages you can deposit into your Commuter Spending Account. For 2009, the limits are $230 per month for transit or vanpool and $230 per month for parking. Note: The transit pre-tax limit was only $120 between 1/1/09-3/31/09.

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Federal law limits the amount of gross wages you may spend each month on tax-free transit or parking. Effective March 1, 2009, the limits are $230 per month for transit and/or vanpool, and $230 per month for parking.