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New Jersey Commuter Law

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Category: Commuter, Compliance and Regulatory, Parking, Transit, Transit and Parking Section 132,

On Friday, March 1, 2019, New Jersey became the first state to adopt a commuter benefit ordinance with the passage of S.1567. https://www.njleg.state.nj.us/2018/Bills/S2000/1567_R1.PDF

 While some of the details regarding the implementation are still outstanding, there are a few things we do know.

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Fighting for Commuter Benefits in Tax Reform

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Category: Compliance and Regulatory, Parking, Transit, Transit and Parking Section 132,

The new Congress and particularly the House Ways & Means Committee continue work on legislation to simplify and reform the tax code. One potential provision could be the elimination of the Commuter Benefit (IRC Section 132(f)). The threat of eliminating the parking and transit benefit is real and the consequences are significant.

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Use commuter benefits cards to pay for uberPOOL and Lyft Line rides

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Category: Commuter, Parking, Transit, Transit and Parking Section 132,

American Benefits Group, a leading national provider of pre-tax commuter benefits announces a new addition to our commuter benefits program. We have recently partnered with Uber and Lyft to offer a solution that will allow employees to pay for uberPOOL and Lyft Line rides with their ABG Prepaid MasterCard and the Commuter Check Prepaid MasterCard. Beginning immediately, employees can use their Commuter Benefit to pay for uberPOOL and Lyft Line rides to commute to and from work.

Download uberPOOL flyer
Download Lyft Line flyer 

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Important Information About Your Commuter Benefits

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Category: Commuter, Parking, Section 125 Plans, Transit,

Qualified Transportation Fringe Benefits. For 2014, the monthly limit on the amount that may be excluded from an employee’s income for qualified parking benefits is $250 (a $5 increase from the 2013 limit of $245). The combined monthly limit for transit passes and vanpooling expenses for 2014 is $130 (a $115 decrease from the 2013 limit). [EBIA Comment: The substantial decrease is due to expiration of the temporary “rule of parity” that made the combined limit for transit and vanpooling the same as the parking limit for 2012 and 2013. Whether Congress will eventually extend the rule of parity to 2014 is uncertain.]

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