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Ask A CPA - Tax Law Highlights - 2012

Transportation Assistance - 2012

If you provide certain transportation fringe benefits, there are 2012 changes. The limit on the value for monthly free parking will rise to $240 (up from $230), while the limit on monthly transit passes and vanpooling will drop to $125 (down from $230). Bicycling assistance will stay at $20 per month.

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