14. Qualified Transportation Fringe

Section 132(f) provides an exclusion from gross income for certain employer-provided transportation referred to as a "qualified transportation fringe." Section 132(f)(2)(A) limits the exclusion for the aggregate of the transportation in a commuter highway vehicle and the transit pass to $100 per month (the "$100 vehicle/transit" limitation). Section 132(f)(2)(B) limits the exclusion for qualified parking to $175 per month (the "$175 parking" limitation). Near the end of each year, the IRS issues a revenue procedure providing inflation-adjusted transportation fringe benefit amounts for the following tax year. Below are the limitation amounts for tax years 1993-2024.

	"$100 vehicle/transit"	"$175 parking"
Tax Year	limitation	limitation
2024	$315	$315
2023	$300	$300
2022	$280	$280
2021	$270	$270
2020	$270	$270
2019	$265	$265
2018	$260	$260
2017	$255	$255
2016	$255	$255
2015	$130	$250
2014	$130	$250
2013	$245	$245
2012	$125	$240
2011	$120	$230
2010	$120	$230
2009	$120	$230
2008	$115	$220
2007	$110	$215
2006	$105	$205
2005	$105	$200
2004	$100	$185
2003	$100	$190
2002	$100	$185
2001	$ 65	$180
2000	$ 65	$175
1999	$ 65	$175
1998	$ 65	$175
1997	$ 65	$170
1996	$ 65	$165
1995	$ 60	$160
1994	$ 60	$155
1993	$ 60	$155

Sources: Rev. Proc. 2023-34; Rev. Proc. 2022-38; Rev. Proc. 2021-45; Rev. Proc. 2020-45; Rev. Proc. 2019-44; Rev. Proc. 2018-57; Rev. Proc. 2017-58; Rev. Proc. 2016-55; Rev. Proc. 2015-53; Rev. Proc. 2014-61; Rev. Proc. 2013-35; Rev. Proc. 2013-15, Rev. Proc. 2011-52, Rev. Proc. 2011-12, Rev. Proc. 2009-50, Rev. Proc. 2009-21, Rev. Proc. 2008-66, Rev. Proc. 2007-66, Rev. Proc. 2006-53, Rev. Proc. 2005-70, Rev. Proc. 2004-71, Rev. Proc. 2003-85, Rev. Proc. 2002-70, Rev. Proc. 2001-59, Rev. Proc. 2001-13, Rev. Proc. 99-42, Rev. Proc. 97-57, Rev. Proc. 96-59, Rev. Proc. 95-53, Rev. Proc. 94-72, Rev. Proc. 93-49, and Section 132(f).

[Editor's Note: The section 132(f) qualified transportation fringe rules were enacted by P.L. 102-486, the Energy Policy Act of 1992, and went into effect in 1993.]