The 2022 Publication 15-B, Employer’s Tax Guide to Fringe Benefits, was issued Jan. 31 by the Internal Revenue Service.
The 34-page publication includes updated information about transit benefits and contribution limits on health flexible spending arrangements for plan years starting in 2022.
The monthly exclusion for qualified parking is $280 for 2022, up from $270, and the monthly exclusion for commuter highway vehicle transportation and transit passes also is $280. The standard rate for transportation or travel expenses involving the business use of an automobile is 58.5 cents per mile, up from 56 cents per mile.
The tax-free amount for ...
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