News & Announcements

Fringe Benefit Amount for Mass Transit Reduced to $130 in 2014

Posted Thursday, January 23, 2014 6:24 pm

The Internal Revenue Service has announced that the maximum allowed pre-tax mass transit benefit is reduced from $245 per month to $130 per month in 2014.  The maximum allowed pre-tax parking benefit will increase from $245 to $250 in 2014.  The reduction in the mass transit benefit resulted from the expiration of the increased statutory limit put in place last year by the American Taxpayer Relief Act.  While employers can choose to keep providing employees with amounts beyond the 2014 statutory limit, any amounts exceeding the $130 cap will be ineligible for the payroll tax benefit.

Feature of the Month:

Summary of Independent Contractor Laws

Classification of an individual as an employee or independent contractor is complex and nuanced, and there are serious consequences if it is not done properly.

Learn More

Subscribe to Our Training Events Updates

Subscribe to our training events notices to get in early on upcoming events.  Notices will arrive via email every Wednesday.

Back to top

Email Sign Up


If you are a member, please login below to manage your subscription. Otherwise, click "Continue to Subscribe"


Continue to Subscribe


Fill out the fields below to receive HEC emails.

How did you hear about HEC?

I would like to receive the following:

HR News Digest (weekly)
Training Events Notices (weekly)