Press Release
IRS Announces 2009 Commuter Benefits Pre-Tax Limit Increases
PLEASE NOTE:New commute limits apply as of Feb 20, 2009.
Stimulus Plan Includes Good News for Commuters and Their Employers: Monthly Transit Limit Now $230
SAN MATEO, CA -October 16, 2008 - The Internal Revenue Service (IRS) has announced its 2009 commuter benefits pre-tax contribution limits in its amended Section 132(f) document.
For commuter highway vehicle and transit passes, the 2009 limit is $120, an increase of $5 from the 2008 $115 limit. For qualified parking expenses, the 2009 limit is $230, also up $10 from the 2008 $220 limit.
The new limits take effect January 1, 2009 and will be reflected in WageWorks' commuter program and related communications.
About WageWorks
Founded in 2000, WageWorks provides tax-advantaged health, wellness, child care, commuting, and education benefits. More than 100 of America's Fortune 500 employers and millions of their benefits-eligible employees use WageWorks' programs. As the cost of living continues to rise and more health care costs are pushed to employees, WageWorks seeks to eliminate barriers to benefit participation so families can save money and improve their overall well-being.
WageWorks provides easy-to-use benefits programs that help save time, and educational tools and resources to increase employees' knowledge and understanding of their family's health care and financial needs.
WageWorks is headquartered in San Mateo, Calif., with offices in New York, Tempe, Ariz., Mequon, Wis., Kansas City, Kas., Lombard, Ill., Troy, Mich., and Vista, Calif. For more information, please visit www.wageworks.com.
Media Relations
Bonnie Zelter
650.577.5355
|
Copyright © 2009. All contents and the design of this Web site are copyrighted by WageWorks, Inc. and may be protected by other laws. WageWorks is a registered trademark of WageWorks, Inc. All other trademarks are the property of their respective owners. No part of this site is intended to provide tax or legal advice. Tax savings examples are provided for illustrative purposes only. You should consult a professional advisor regarding your personal situation.
Privacy Policy | Site Map  |