Mass Transit Limits for 2011 (Section 132)- Reduced?

[Guest MikeRPG]

Can anybody offer some guidance as to the FSA Mass Transit limits for 2011? Absent of some change in policy it seems that the increase from $120 to $230 will revert to 2008 levels as the Stimulus Package only specified 2009 and 2010 as being affected by the increase. Everywhere I look TPAs seem to still be offering $230 elections to participants. Am I missing something? Thanks.

See the Stimulus text below:

Bill Text

111th Congress (2009-2010)

H.R.1.ENR

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H.R.1

American Recovery and Reinvestment Act of 2009 (Enrolled Bill [Final as Passed Both House and Senate] - ENR)

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SEC. 1151. INCREASED EXCLUSION AMOUNT FOR COMMUTER TRANSIT BENEFITS AND TRANSIT PASSES.

(a) In General- Paragraph (2) of section 132(f) is amended by adding at the end the following flush sentence:

`In the case of any month beginning on or after the date of the enactment of this sentence and before January 1, 2011, subparagraph (A) shall be applied as if the dollar amount therein were the same as the dollar amount in effect for such month under subparagraph (B).'.

(b) Effective Date- The amendment made by this section shall apply to months beginning on or after the date of the enactment of this section.

[Chaz]

You're not missing anything; 132(f) limits for mass transit revert back to the pre-ARRA limit of $120/month unless and until Congress acts.

I noticed that you asked your question in the "Cafeteria Plan" section. Note that you cannot offer a qualified transportation plan under a cafeteria plan.

[Guest MikeRPG]

Chaz,

Thanks for the response. I posted it here as it seemed the closest forum, (I realize the plans are distinct). I appreciate your help.

Regards,

Mike

You're not missing anything; 132(f) limits for mass transit revert back to the pre-ARRA limit of $120/month unless and until Congress acts.

I noticed that you asked your question in the "Cafeteria Plan" section. Note that you cannot offer a qualified transportation plan under a cafeteria plan.