Page 289 - Small Business IRS Training Guides

IRC 132(f) defines the term “qualified transportation fringe” as any of the following provided by an employer to an

employee:

A. Transportation in a commuter highway vehicle, if such transportation is in connection with travel between the
employee’s residence and place of employment

B. Any transit pass

C. Qualified parking

D. Any qualified bicycle commuting reimbursement

This lesson will discuss the qualified bicycle commuting reimbursement and the changes made in the new tax law.

Objectives

At the end of this lesson, you will be able to identify changes made under Tax Cuts and Jobs Act (TCJA) regarding
qualified bicycle commuting reimbursements.

Contents

Topic See Page

Overview ............................................................................................................................................................. 11047-1

Prior Tax Law ...................................................................................................................................................... 11047-3

New Tax Provision .............................................................................................................................................. 11047-4

Audit Considerations ........................................................................................................................................... 11047-4

Summary ............................................................................................................................................................. 11047-5

73233-102 11047-2 Tax Cuts and Jobs Act