Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Benefits Manager

Hall County Government
(Gainesville GA)

Hall County Government logo

Retirement Plan Administrator

Bates & Company, Inc.
(Remote / Winter Park FL)

Bates & Company, Inc. logo

Director of 3(16) Operations

Compass
(Remote / NH / Hybrid)

Compass logo

Defined Benefit Combo Cash Balance Compliance Consultant

Loren D. Stark Company (LDSCO)
(Remote)

Loren D.  Stark Company (LDSCO) logo

Business Development Director

AimPoint Pension
(Remote / Pompano Beach FL / AL / GA)

AimPoint Pension logo

Loan & Distribution Specialist

AimPoint Pension
(Remote)

AimPoint Pension logo

Regional Vice President of Sales

The Retirement Plan Company
(Remote / AL / FL / GA / MS)

The Retirement Plan Company logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile app icon
LinkedIn icon     Twitter icon     Facebook icon

Text of IRS Notice 2015-02: Application of Retroactive Increase in Excludable Transit Benefits (PDF)
Internal Revenue Service [IRS] Link to more items from this source
[Official Guidance]
Jan. 8, 2015
"This notice provides guidance related to the enactment of section 103 of the Tax Increase Prevention Act of 2014 (TIPA), which increased the monthly transit benefit exclusion under Section 132(f)(2)(A) of the Internal Revenue Code from $130 per participating employee to $250 per participating employee for the period of January 1, 2014, through December 31, 2014. To address employers' questions regarding the retroactive application of the increased exclusion for 2014 and to reduce filing and reporting burdens, the [IRS] is clarifying how the increase applies for 2014 and providing a special administrative procedure for employers to use in filing Form 941, Employer's QUARTERLY Federal Tax Return, for the fourth quarter of 2014 to reflect changes in the excludable amount for transit benefits provided in all quarters of 2014 and in filing Forms W-2, Wage and Tax Statement."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title).
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above).
© 2024 BenefitsLink.com, Inc.