January 28th, 2019
New IRS Guidance Addresses the Tax Cost of Providing Parking to Employees, Even for Tax-Exempt Employers
Federal Tax Reform Changed the Rules for Employer-Provided Parking As a result of the Tax Cuts and Jobs Act (12/22/2017), an employer that provides parking to its employees may have a higher tax bill, even if the employer is a tax-exempt organization. Starting in 2018, an employer is no longer able to deduct the expense associated with […]