Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Compass
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Paying for Employee Parking? No Longer Deductible under Tax Legislation
Carlton Fields Dec. 22, 2017 "For-profit employers that deduct expenses may not deduct costs for employee parking.... [E]mployers that do not deduct expenses (i.e., tax-exempt and governmental entities) will be subject to unrelated business taxable income on the expenses they incur for employee parking.... [A]ny employer that pays for or offsets the cost of employee parking is faced with the tough decision of incurring taxable expenses or passing the cost on to employees." |
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