By Payroll and Entitlements Editorial Staff
For corporate and personal income tax purposes, the Wisconsin Department of Revenue (department) published information regarding the transportation fringe benefits and moving expenses for tax years 2018 and 2019. The department explains that fringe benefits up to $260 per month for 2018, and $265 per month for 2019, for qualified parking and commuter highway vehicle transportation and transit passes may be excluded from employee wages. Further, the exclusion from wages of qualified bicycle commuting reimbursements and moving expenses reimbursements, except for members of the armed forces, have been suspended and these benefits are now included in employees’ wages. Additionally, employers are not permitted to deduct on their income or franchise tax returns, expenses related to qualified transportation fringe benefits or incurred in providing any transportation, including any payment or reimbursement to an employee in connection with travel between the employee’s residence and place of employment (except if necessary for ensuring the safety of the employee). Lastly, employers may deduct bicycle commuting reimbursements and moving expenses on their income or franchise tax returns; however, this deduction is no longer available on an employee’s individual income tax return. (Wisconsin Department of Revenue, 2018 and 2019 Transportation Fringe Benefits and Moving Expenses, January 15, 2019.).
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