DOT Transit Benefit Monthly Statutory Limit Increase to $270

DOT TRANSIT BENEFIT PROGRAM BULLETIN

BULLETIN #:  TSB 2020-02

DATE:  November 19, 2019

SUBJECT: Transit Benefit Monthly Statutory Limit Increase to $270

PURPOSE:              

This Bulletin provides notification and guidance regarding a change in the statutory limit of the monthly transit benefit for calendar year 2020.

Information:        

As of January 1, 2020, the maximum mass transit exclusion from income has been set by the Internal Revenue Service (IRS) at $270. IRS https://www.irs.gov/pub/irs-drop/rp-19-44.pdf provides the relevant information on the transit benefit rules on page 14.

REQUIRED ACTION:

No action is necessary if the participant’s certified monthly commuting costs are current. TRANServe will adjust the transit benefit to the monthly maximum statutory limit of $270.00 for the transit benefit starting the January 2020 benefit cycle.

Please note participants currently receiving a split benefit will not automatically receive the increase, and a separate email will be sent to the appropriate modal POC’s identifying those participants. The Modal POC will need to inform program participants to submit an application and specify in the comment section the amount that is needed on both the SmarTrip and TRANServe cards.

 If changes are necessary, the participant must submit a recertification application. 

CONTACT:  If you have questions about this bulletin, please contact your TRANServe Transit Benefit Manager.