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Income Tax Planning
Chapter 5: Gross Income from Employment/OTHER EMPLOYEE FRINGE BENEFITS (3 OF 9)
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 5: Gross Income from Employment

OTHER EMPLOYEE FRINGE BENEFITS (3 OF 9)

01.Core Concepts

De Minimis Fringe Benefits • Any property or service where the value is so small as to make accounting impractical • Occasional meal money provided due to overtime work • Employer provided eating facilities if provided on non-discriminatory basis Qualified Transportation • Transportation to work, transit pass, parking • Commuting limit: $340 per month (2026) • Parking limit: $340 per month (2026) • May be discriminatory • Not deductible by employer after 2017 (TCJA)