132(f)(5) limit for 2005?

[Alf]

Does anyone know whether the $100/$195 limits have changed for 2005?? I can't find this anywhere!!

Thanks!!

[Alf]

Ok, I did just find where Wyatt "estimated" these amounts at 105/200 for 2005. Does anyone know when the acutal numbers will be out or what the liklihood is of these estimates standing up?

[Guest mmcgee]

The 2004 limits were not published by the IRS until December 2003. The unofficial amounts published by Aon in October 2003 agreed with the IRS' final numbers. The attached link is Aon's publication of the 2005 benefit plan limits, including the unofficial transportation limits, which are $200 for parking and $105 for transit. I would say this would be the best we would have until December.

Benefit Plan Limitation

[g8r]

We may get them in another week or so. Last year Rev. Proc. 2003-85 came out on Nov. 19th.

http://www.irs.gov/pub/irs-drop/rp-03-85.pdf