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 $280 for calendar year 2021.
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 2020 exceeding $3,240.
See, also, Technical Bulletin TB-24R and N.J.A.C. 18:35-7.8.
Year | Gross Income Tax |
2022 | $3,360 |
2021 | $3,240 |
2020 | $3,240 |
2019 | $3,180 |
2018 | $3,120 |
2017 | $3,060 |
2016 | $3,060 |
2015 | $3,000 |