2024 Commuter Benefit Limits. However, if an employee wants to use. From hiking the standard deduction limit in the new tax regime to tweaking tax slabs to simplifying capital gains tax โ budget 2024 has changed a host of tax rules that.
The internal revenue service (irs) set the 2024 federal monthly maximum for qualified transportation fringe benefits at $315 per month for commuter highway. For example, in 2024 an employee can contribute and use up to $315 for transit and $315 for parking for a total of $630.