Details on pretax parking deductions
- IRS limits the amount of qualified parking that may be excluded from your taxable income to $260 per month for pre-tax parking deduction.
Details on pretax transportation deductions
- Per the IRS, for 2012, individuals can have taxable income for federal and state reduced by up to $260 a month for combined value of transit passes and vanpooling expenses.
- https://transportation.ucsd.edu/resources/deductions.html