The IRS recently issued the final regulations addressing the elimination of the deduction under section 274 for expenses related to certain transportation and commuting benefits provided by employers to their employees.  On January 21, 2021, a panel from Best Workplaces for Commuters and Coalition for Smarter Transportation summarized the regulations and discussed the implications. The panel highlighted the IRS' guidance on how to determine the amount of such expenses that is nondeductible and apply certain exceptions under section 274(e) that may allow such expenses to be deductible.

Presenters:

Jason Pavluchuk, Policy Director, Coalition for Smarter Transportation (CoaST)

Philip L. Winters, TDM-CP, Best Workplaces for Commuters, Center for Urban Transportation Research

David Judd, Transportation Consultant