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Old 12-01-2007, 11:00 PM
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2007 Changes to Qualified Transportation Fringe Benefit

Qualified Transportation Fringe Benefit

Per the IRS for Tax Year 2007, the monthly limitation regarding the aggregate fringe benefit exclusion amount for transportation in a commuter highway vehicle and any transit pass is $110.

The monthly limitation regarding the fringe benefit exclusion amount for qualified parking is $215.

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