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ARTICLE · 12 MARCH 2009

Stimulus Package Increases Qualified Transportation Fringe Benefit

Kutak Rock LLP
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On February 17, 2009, the President signed the American Recovery and Reinvestment Act, popularly known as the stimulus package. Among other provisions, the Recovery Act included provisions which temporarily increase certain qualified transportation fringe benefits.

United StatesStrategy
William McCartney
William McCartney

On February 17, 2009, the President signed the American Recovery and Reinvestment Act (the "Recovery Act"), popularly known as the stimulus package. Among other provisions, the Recovery Act included provisions which temporarily increase certain qualified transportation fringe benefits.

Transportation Fringe Benefit Exclusions

Qualified transportation fringe benefits include mass transportation benefits, such as transit passes and van pooling arrangements, and parking benefits. Within certain dollar limits, these benefits are not included in an employee's taxable income. Currently, the law allows a $120 per month income exclusion for mass transportation benefits and a $230 per month income exclusion for parking benefits.

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