Pretax Deductions for Parking and Transportation
Last Updated: April 7, 2020 12:23:38 PM PDT
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Find out about the limit on federal and state pretax parking and transportation deductions.
Details on pretax transportation deductions
- Per the IRS, for 2020, individuals can have taxable income for federal and state reduced by up to $270 per month for combined value of transit passes, vanpooling expenses, and pretax parking.
- https://transportation.ucsd.edu/resources/deductions.html
For more information, contact Kathy Brumfield, (858) 534-3249.