In conjunction with President Obama signing today the American Taxpayer Relief Act of 2012 (ATRA) effective immediately the monthly limit for Mass Transit Reimbursement has been increased to $240.
This represents a significant increase in potential mass transit contributions and can help many commuters to save considerably more tax dollars. Plan participants and eligible employees can change their election with their next payroll deduction.
2013 Mass Transit & Parking Monthly Contribution Limits
|Mass Transit||$240 Per Month|
|Parking||$240 Per Month|