What is the maximum amount employers can exclude per month for commuter transportation in 2023?

In 2023, the maximum amount that employers can exclude per month for commuter transportation is $300. This amount reflects the limits established by the IRS for qualified transportation fringe benefits, which include transit passes, vanpooling, and other commuter-related expenses. Employers can choose to provide up to this specified amount as a tax-free benefit to employees, helping to offset commuting costs without incurring additional tax liabilities for either party.

The other options exceed the IRS guidelines for commuter transportation benefits in 2023. Understanding this limit is crucial for both employers looking to offer competitive benefits packages and employees who want to maximize their tax-free options for commuting expenses.