Stimulus Bill Temporarily Increases 132 Transit Benefit Limits
The American Recovery and Reinvestment Act of 2009, also referred to as the Stimulus Bill, temporarily increases the amount of 132 transit pass and vanpooling benefits that can be excluded from an employee's income. This is accomplished by raising the combined monthly limit for transit pass and vanpooling benefits to the monthly limit for qualified parking expenses.
This increase, effective from March 2009 through December 2010, increases the combined transit pass/vanpooling limit to $230 (from $120.00) for the remainder of 2009. As these limits are subject to the annual cost-of-living adjustments, the 2010 adjustments are not known at this time.