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Notice of Commuter Transportation Benefit Limits Inflation Adjustments


Take notice that the adjusted limit for employer-provided commuter transportation benefits excludable by an employee for New Jersey gross income tax purposes pursuant to N.J.S.A. 54A:6-23 is $2,940 for calendar year 2013.

Pursuant to N.J.S.A. 54A:7-2, employers shall include in an employee's gross wages on a W-2 or other written information statement the amount of commuter transportation benefits paid in 2013 exceeding $2,940. The threshold amounts for particular years are below. (See, also, Technical Bulletin TB-24R and N.J.A.C. 18:35-7.8.)

Year Gross Income Tax
1993 $720
1994 $735
1995 $735
1996 $735
1997 $1,000
1998 $1,105
1999 $1,120
2000 $1,145
2001 $1,175
2002 $1,200
2003 $1,240
2004 $1,265
2005 $1,310
2006 $1,360
2007 $1,410
2008 $1,440
2009 $2,540
2010 $2,760
2011 $2,760
2012 $2,880
2013 $2,940

For tax years beginning in 1994 and ending no later than 12-31-07, pursuant to N.J.S.A. 27:26A-15, an employer that is a taxpayer subject to the Corporation Business Tax Act, Savings Institution Tax Act, Fire Insurance Tax, Marine Insurance Tax, Insurance Premiums Tax, Public Utility Franchise Tax, Public Utilities Gross Receipts Tax and Public Utility Excise Tax, or is a taxpayer in respect of a distributive share of partnership income under the New Jersey Gross Income Tax Act is allowed a credit or benefit against the applicable tax (or income in the case of the gross income tax) and which provides commuter transportation benefit as defined in N.J.S.A. 27:26A-3.

 Year Business Taxes Set Forth
Above Credit
 Gross Income Tax Reduction
of Partnership Income
1994 5% of cost not to exceed $36 per employee participating 71.5% of cost not to exceed $515 per employee participating
1995 10% of cost not to exceed $72 per employee participating 143% of cost not to exceed $1,030 per employee participating
1996 10% of cost not to exceed $73 per employee participating 143% of cost not to exceed $1,056 per employee participating
1997 10% of cost not to exceed $100 per employee participating 143% of cost not to exceed $1,429 per employee participating
1998 10% of cost not to exceed $108 per employee participating 143% of cost not to exceed $1,543 per employee participating
1999 10% of cost not to exceed $109 per employee participating 143% of cost not to exceed $1,557 per employee participating
2000 10% of cost not to exceed $115 per employee participating 143% of cost not to exceed $1,642 per employee participating
2001 10% of cost not to exceed $118 per employee participating 143% of cost not to exceed $1,685 per employee participating
2002 10% of cost not to exceed $120 per employee participating 157% of cost not to exceed $1,884 per employee participating
2003 10% of cost not to exceed $124 per employee participating 157% of cost not to exceed $1,947 per employee participating
2004 10% of cost not to exceed $127 per employee participating 157% of cost not to exceed $1,994 per employee participating
2005 10% cost not to exceed $131 per employee participating 157% of cost not to exceed $2,057 per employee participating
2006 10% cost not to exceed $136 per employee participating 157% of cost not to exceed $2,149 per employee participating
2007 10% cost not to exceed $141 per employee participating 157% of cost not to exceed $2,230 per employee participating

Last Updated: Monday, 01/28/13



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