IRC §132(f) · Qualified Transportation Fringe

Transit + Parking Pre-Tax Benefit

Employer-sponsored commuter benefit cuts payroll tax for you AND your employer.

2024 §132(f) Picture
Transit monthly cap
$315
Parking monthly cap
$315
Annual pre-tax exclusion
$0
FICA savings (7.65%)
$0
Federal income tax saved
$0
State tax saved
$0
Total annual tax savings shown below. Employer also saves 7.65% employer-side FICA per employee. Bicycle commuting reimbursement was suspended by TCJA through 2025.
Have us set up §132(f) for your office

2024 figures: $315/mo transit (van/pass) and $315/mo parking per §132(f)(2). Rev. Proc. 2023-34. Must be employer-sponsored; can be salary-reduction. No employee FSA-style use-it-or-lose-it. Call 689-331-5723 or email info@zerofusstaxes.com.