2021 transportation fringe benefit limits released by IRS
Finance and Accounting won’t have to make any adjustments to the amount they can reimburse employees tax-free for their commuting expenses. IRS announced in Revenue Procedure 2020-45 that it’ll hold both 2021 transportation fringe benefit limits steady. So for tax year 2021, the monthly limitations remain the same as in 2020, which are: $270 for […]