News
Parking Increase
Monthly Parking Maximum is Increased to $205 and Transit Maximum Remains at $105 for 2006
On October 28, 2005, the IRS announced that the monthly maximum for qualified parking expenses reimbursed under a qualified transportation fringe benefit plan is being increased from $200 to $205 beginning January 1, 2006. The 2006 monthly limit for transit and van pooling expenses remains at $105.