TSB 2019-03 Transit Benefit Monthly Statutory Limit Increase to $265
NON-DOT TRANSIT BENEFIT PROGRAM BULLETIN
BULLETIN #: TSB-2019-03
DATE: November 29, 2018
SUBJECT: Transit Benefit Monthly Statutory Limit Increase to $265
PURPOSE: This Bulletin provides notification and guidance regarding a change in the statutory limit of the monthly transit benefit for calendar year 2019.
Information:
As of January 1, 2019, the maximum mass transit exclusion from income has been set by the Internal Revenue Service (IRS) at $265.
IRS Revenue Procedure 2018-57, provides relevant information on the transit benefit rules on page 17.
REQUIRED ACTION:
Notify your TRANServe Transit Benefit Manager of your agency’s timeline for implementing the statutory limit increase and ensure participants’ certified monthly commuting costs are current. If changes are necessary, participants must submit a recertification application through their agency Point of Contact to TRANServe.
If the January 2019 increase is authorized by your agency, your Transit Benefit Manager must be notified by COB December 3rd, 2018. TRANServe can adjust the transit benefit to the monthly maximum statutory limit of $265.00 for the transit benefit starting the January 2019 benefit cycle.
CONTACT: If you have questions about this bulletin, please contact your TRANServe Transit Benefit Manager.
If your Transit Benefit Program Office would like to partner with TRANServe, please contact TRANServe@dot.gov