Today's Date: December 16, 2018

Archives for January 2013

01/13 – Transit Tax Benefits Increase in 2013

The Internal Revenue Service announced earlier this month the tax changes from the recently passed American Taxpayer Relief Act of 2012. 

**For tax year 2013, the monthly limitation regarding the aggregate fringe benefit exclusion amount for transit passes and transportation in a commuter highway vehicle is $245, up from $240 for tax year 2012 (the legislation provided a retroactive increase from the $125 limit that had been in place).

So what does the above tax change mean to the average transit user?  If you and your employer take advantage of the pre-tax transit benefit, it means that you can save more money in 2013 and get a little more back on your 2012 tax return with the help of a retroactive increase of $240 from the $125 limit that had been in place for most of the year. 

**From an IRS announcement released Jan. 11, 2013

GATRA Survey for Seekonk Residents

GATRA is pleased to provide Seekonk residents with an opportunity to express their needs, desires and support for public transportation.  Your participation in this important town survey will provide us with the information we need to identify possible service offerings in your town.  This survey will take approximately 5 minutes or less to complete.  Please  click here for the survey.