I was reading Section 132 of the IRC. It say if an employer pays less than a certain amount per month (the code I have is old so it says $65 but I believe it is higher today) for an employee to commute to work in a commuter highwasy vehicle it is a tax free fringe. Can this be gas money for a car or doe sit ahve to be a bus or train?
Announcement
Collapse
No announcement yet.
employer paid transportation costs
Collapse
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.