Contra Costa Air Quality

Fireworks in Pinole, CA in Contra Costa County Transit riders and vanpoolers who take advantage of pre-tax commuter benefits with their employer will find that their maximum monthly limit decrease to $130 starting January 1, 2014 from $245 in 2013. The American Taxpayer Relief Act of 2012 (HR 8) restored the pre-tax transit and vanpool commuter benefits to be on par with the qualified parking benefit temporarily for the 2013 calendar year. That parity ends December 31, 2013. At this time, the 2014 monthly limits for qualified monthly transportation benefits are: up to $130 per employee per month for public transportation and vanpool up to $250 per employee per month for qualified parking, or up to $380 per employee per month for both public transportation and qualified parking Qualified bicycle commuting reimbursements will remain unchanged at $20 per month in the new year.... Read the rest
Bike to Work Day at the Mid Market Energizer Station Bike to Work Day 2010 in San Francisco. Photo credit: Bay Area Fair Trade Coalition In an earlier post here at 511 Contra Costa we noted that commuter benefits for vanpooling and public transportation had been restored through the American Taxpayer Relief Act of 2012 (HR 8) to be on par with the qualified parking benefit For the 2013 calendar year: up to $245 per employee withholding per month for vanpool and all public transportation up to $245 per employee withholding per month for qualified parking, or up to $490 per employee withholding per month for both public transportation and qualified parking This is great news but how does one go about setting aside pre-tax income for a commute benefit?... Read the rest
The American Taxpayer Relief Act of 2012 (HR 8) has restored the pre-tax transit and vanpool commuter benefits to be on par with the qualified parking benefit. For the 2013 calendar year: up to $245 per employee per month for vanpool and all public transportation up to $245 per employee per month for qualified parking, or up to $490 per employee per month for both public transportation and qualified parking The effective date for the revised limits above allows for retroactivity back to January 1, 2012 if an employer so chooses under Sec.... Read the rest
Heads up! The IRS Transportation (Commuting) Benefits are set to roll back to pre-2009 levels of $125 per month (adjusted for inflation) for public transit passes and vanpool expenses beginning January 1, 2012. The maximum was temporarily raised to $230 per month under The American Recovery and Reinvestment Act (ARRA) of 2009 and extended under the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 to equal the monthly qualified commuter parking limit.... Read the rest