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What are the new pretax limits for commuter benefits?

Benefits Commuter limits pretax
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What are the new pretax limits for commuter benefits?

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Thanks to the Emergency Economic Recovery and Reinvestment Act (also referred to as the Economic Stimulus Package), the pretax cap for commuting expenses for transit and vanpools will increase to $230 per month from $120. If your company offers a parking benefit, that limit will remain at $230 per month.

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