The value of certain transportation fringe benefits provided by an employer to an employee may be excluded from employee wages.

2023 Treatment

For federal and Wisconsin purposes, the amount that may be excluded from employee wages for 2023 is limited as follows:

• $300 per month for qualified parking
• $300 per month for commuter highway vehicle transportation and transit passes

2024 Treatment

For federal and Wisconsin purposes, the amount that may be excluded from employee wages for 2024 is limited as follow:

• $315 per month for qualified parking
• $315 per month for commuter highway vehicle transportation and transit passes

Applicable Laws and Rules

This document provides statements or interpretations of the following laws and regulations enacted as of November 16, 2023: sec. 132, Internal Revenue Code, and ch. 71, Wis. Stats.

Laws enacted and in effect after this date, new administrative rules, and court decisions may change the interpretations in this document. Guidance issued prior to this date, that is contrary to the information in this document is superseded by this document, according to sec. 73.16(2)(a), Wis. Stats.