Nonprofit employees face a new tax reality on fringe benefits. Quick Tax TipWith Art Werner<a href="https://www.cpetoday.com/cpa-trendlines/">CPE Today</a> For years, employers could offer free or subsidized parking or public transit passes as a valuable fringe benefit without triggering extra tax for employees. Businesses could deduct the cost—up to an inflation-adjusted $325 per month in 2024—while employees enjoyed the perk tax-free. <ul>
<li><a href="https://cpatrendlines.com/author/art-werner/">Click here for more Art Werner</a></li>
<li>Catch more Art Werner, Wednesday, Sept. 3, for <a href="https://www.cpetoday.com/event/tax-rumors-big-beautiful-bill-business-update-25e0864/?partner=cpa-trendlines">Tax Rumors, Episode 3</a>, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg.</li>
</ul>That changed under the Tax Cuts and Jobs Act (TCJA). Now, if a business deducts the cost of parking or transit benefits, employees must count it as taxable income. Employers can still shield employees from the tax by choosing not to deduct the expense.

Nonprofit employees face a new tax reality on fringe benefits. Quick Tax Tip With Art Werner CPE Today For years, employers could offer free or subsidized parking or public transit passes as a valuable fringe benefit without triggering extra tax for employees. Businesses could deduct the cost—up to an inflation-adjusted $325 per month in 2024—while employees enjoyed the perk tax-free. Click here for more Art Werner Catch more Art Werner, Wednesday, Sept. 3, for Tax Rumors, Episode 3, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg. That changed under the Tax Cuts and Jobs Act (TCJA). Now, if a business deducts the cost of parking or transit benefits, employees must count it as taxable income. Employers can still shield employees from the tax by choosing not to deduct the expense.

Nonprofit employees face a new tax reality on fringe benefits. Quick Tax TipWith Art Werner<a href="https://www.cpetoday.com/cpa-trendlines/" rel="noopener noreferrer">CPE Today</a> For years, employers could offer free or subsidized parking or public transit passes as a valuable fringe benefit without triggering extra tax for employees. Businesses could deduct the cost—up to an inflation-adjusted $325 per month in 2024—while employees enjoyed the perk tax-free. <ul>
<li><a href="https://cpatrendlines.com/author/art-werner/" rel="noopener noreferrer">Click here for more Art Werner</a></li>
<li>Catch more Art Werner, Wednesday, Sept. 3, for <a href="https://www.cpetoday.com/event/tax-rumors-big-beautiful-bill-business-update-25e0864/?partner=cpa-trendlines" rel="noopener noreferrer">Tax Rumors, Episode 3</a>, with CPA Steve Yoss, and hosted by CPA Trendlines’ Rick Telberg.</li>
</ul>That changed under the Tax Cuts and Jobs Act (TCJA). Now, if a business deducts the cost of parking or transit benefits, employees must count it as taxable income. Employers can still shield employees from the tax by choosing not to deduct the expense.

Werner: Parking Perks That Pack a Tax Punch | Quick Tax Tip

Exclusive information. Extraordinary insight. See all podcast episodes here: <a href="https://cpatrendlines.com/category/podcast/">https://cpatrendlines.com/category/podcast/</a> CPA Trendlines is the world’s only research and advisory service focused solely on the tax, accounting, and finance professions. We use a time-tested, quality-proven, proprietary blend of data, analysis, community, experience, and imagination to produce extraordinary value for our clients. Elite decision-makers from all over the world look to CPA Trendlines for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. You’ll stay more focused, save time, grow revenue in a fast-changing global digital environment, and sleep better at night. Guaranteed. Facts. Figures. Insights. Implications. Here you'll find the data and analysis you can use for your practice and your career, plus exclusive research, insights, and commentary on the most pressing issues and fastest-changing trends.  We are dedicated to delivering the actionable intelligence that tax, accounting, and finance professionals need in order to identify and act on emerging issues and opportunities.  We specialize in high-quality, concise executive briefings designed to help busy professionals improve their organizations, advance their careers, and enhance their lives.  Our reports are relevant, timely, and to-the-point, providing the most essential information, and are digestible often in under an hour.

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Exclusive information. Extraordinary insight. See all podcast episodes here: https://cpatrendlines.com/category/podcast/ CPA Trendlines is the world’s only research and advisory service focused solely on the tax, accounting, and finance professions. We use a time-tested, quality-proven, proprietary blend of data, analysis, community, experience, and imagination to produce extraordinary value for our clients. Elite decision-makers from all over the world look to CPA Trendlines for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. You’ll stay more focused, save time, grow revenue in a fast-changing global digital environment, and sleep better at night. Guaranteed. Facts. Figures. Insights. Implications. Here you'll find the data and analysis you can use for your practice and your career, plus exclusive research, insights, and commentary on the most pressing issues and fastest-changing trends. We are dedicated to delivering the actionable intelligence that tax, accounting, and finance professionals need in order to identify and act on emerging issues and opportunities. We specialize in high-quality, concise executive briefings designed to help busy professionals improve their organizations, advance their careers, and enhance their lives. Our reports are relevant, timely, and to-the-point, providing the most essential information, and are digestible often in under an hour.

Exclusive information. Extraordinary insight. See all podcast episodes here: <a href="https://cpatrendlines.com/category/podcast/" rel="noopener noreferrer">https://cpatrendlines.com/category/podcast/</a> CPA Trendlines is the world’s only research and advisory service focused solely on the tax, accounting, and finance professions. We use a time-tested, quality-proven, proprietary blend of data, analysis, community, experience, and imagination to produce extraordinary value for our clients. Elite decision-makers from all over the world look to CPA Trendlines for trusted advice, bold insights, and confidential access to exclusive intelligence and decision support. You’ll stay more focused, save time, grow revenue in a fast-changing global digital environment, and sleep better at night. Guaranteed. Facts. Figures. Insights. Implications. Here you'll find the data and analysis you can use for your practice and your career, plus exclusive research, insights, and commentary on the most pressing issues and fastest-changing trends.&nbsp; We are dedicated to delivering the actionable intelligence that tax, accounting, and finance professionals need in order to identify and act on emerging issues and opportunities.&nbsp; We specialize in high-quality, concise executive briefings designed to help busy professionals improve their organizations, advance their careers, and enhance their lives.&nbsp; Our reports are relevant, timely, and to-the-point, providing the most essential information, and are digestible often in under an hour.&nbsp;

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