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- SmartBenefits® is a better alternative to Metrocheks. Washington Post article: "GAO Finds Fraud in Commuter Program"
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In addition to Metrorail and Metrobus, SmarTrip® is now accepted on DASH, Ride On, Fairfax Connector, ART, CUE, Loudoun County Transit, Omniride, TheBus, DC Circulator and registered van pools. The remaining commuter buses and rail systems will eventually accept SmarTrip®.
- SmartBenefits® and Parking Benefits for CY 2009
According to IRS Revenue Procedure 2008-66, dated November
2007, for
taxable years beginning in 2009, the monthly limitation
under Section
132(f)(2)(A) regarding the aggregate fringe benefit exclusion amount
for
vanpools (commuter highway vehicles) and transit passes increases from $115 to $120.
The
monthly limitation under Section 132(f)(2)(B) regarding
the fringe benefit exclusion amount for qualified parking
is $230.
The IRS link where you can obtain a copy of this document
is: http://www.irs.gov/pub/irs-drop/rp-08-66.pdf.
These limits are found under section .12 "Qualified
Transportation Fringe" on
page 12.
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