NON-DOT TRANSIT BENEFIT PROGRAM BULLETIN
BULLETIN #: TSB-2017-18
DATE: November 21, 2017
SUBJECT: Transit Benefit Monthly Statutory Limit Increase to $260
PURPOSE: This Bulletin provides notification and guidance regarding a change in the statutory limit of the monthly transit benefit for calendar year 2018.
INFORMATION: As of January 1, 2018, the maximum mass transit exclusion from income has been set by the Internal Revenue Service (IRS) at $260. IRS Revenue Procedure 2017-58, provides the relevant information on the transit benefit rules on page 14.
REQUIRED ACTION: Notify your TRANServe Transit Benefit Manager of your agency’s implementation timelines. Ensure participant’s certified monthly commuting costs are current. If changes are necessary, participants must submit a recertification application through their agency Point of Contact to TRANServe.
CONTACT: If you have questions about this bulletin, please contact your TRANServe Transit Benefit Manager.