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2012 Commuter Benefit Limits

Congress has not acted to extend the monthly allowable transit benefit that was increased as a part of The American Recovery and Reinvestment Act of 2009. The Transit Benefit extension was not included in the Temporary Payroll Tax Cut Continuation Act of 2011 which extended the payroll tax cut for 2 months and was signed into law by the President.

The IRS recently released the 2012 maximum limits for qualified parking and transit benefits. As a result, the monthly maximum limit for the pre-tax transit benefit under a Section 132 transportation plan decreases from $230 to $125 per month for 2012. The limit for monthly transit benefits effective January 1, 2012 is $125. The limit for monthly parking benefits effective January 1, 2012 is $240, up $10 from the 2011 monthly maximum limit.