New tax law hits commuter benefits....
The Transportation Deduction is another example of how simple structuring changes can maintain deductions removed by the 2017 tax act, formerly “the Tax Cuts and Jobs Act.”. In October, the IRS released Rev. Proc. 2017-58, announcing the adjusted monthly limit of $260 for qualified transit costs and parking. On December 22nd, the president signed into law the 2017 Tax Act which removed the deduction of Qualified Transportation Fridges by employers in Section 274. However, p
