Commuter Benefits 101

2021 IRS Contribution Limits for Pre-Tax Commuter Benefits

By November 20, 2020 No Comments

The IRS released the 2021 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2021.

For 2021, the monthly limit for commuter benefits will be $270. That’s the same amount as 2020.

Pre-tax commuter benefits can be used to pay for:

  • Train
  • Bus
  • Subway
  • Trolley
  • Water Taxi
  • Light Rail
  • Ferry
  • Rideshare (Uber Pool, Lyft Shared)
  • Parking, Meter, Garages and Lots
  • Vanpool

It’s important to highlight that employees can participate in both mass transportation and qualified parking.

Watch the video to learn how commuter benefits work:

 

 

 

If you are interested in commuter benefits, download our Definitive Guide to learn more:

Atlanta, GA
Breeze

Boston, MA
CharlieCard

Chicago, IL
Ventra

Houston, TX
QCard

Los Angeles, CA
CQC (Metrolink)

Miami, FL
EasyCard

Minneapolis, MN
GoTo

New Jersey/New York
SmartLink

New York, NY
MTA Annual MetroCard

Orlando, FL
SunRail

Pennsylvania & NJ
Freedom Card

Pittsburg, PA
ConnectCard

San Diego, CA
Compass Tap & Go

San Francisco, CA
Clipper

Seattle, WA
ORCA

South Florida, Palm Beach
Tri-Rail EASY Card

Tuscon, AZ
SunTran

Washington, DC
SmarTrip