What are the 2012 IRS pre-tax Limits for Section 132 Parking and Transit Benefits?

The 2012 IRS pre-tax limits for Section 132 Parking and Transit Benefits are:

• Parking: $240.00
• Transit: $125.00

The 2011 IRS pre-tax limits for Section 132 Parking and Transit Benefits were:

• Parking: $230.00
• Transit: $230.00