As an employee of a company, can I continue to use pretax funds for parking and transit passes?
Business Tax, Personal TaxYes, up to $260 a month (2018). But companies that offer such assistance as a perk can no longer deduct the expense. Bicycle commuters are completely out of luck. The law eliminates the $20-per-month, tax-free reimbursement of their expenses.
*Kiplinger Tax Letter