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IRS Announces New Cap For RideECO

Transit News | November 21st, 2018

The IRS recently released Revenue Procedure 57, which increased the cap on 132(f) transportation fringe benefits like RideECO from $260/month to $265/month for next year. Please see page 17 of the Revenue Procedure for specific text.

This new cap is effective January 1, 2019 and results in greater savings for riders and their employers. Payroll deductions in 2018 are capped at $260/month; deductions occurring in 2019 are eligible for the increased cap of $265/month.

RideECO will be updating its employer materials to reflect the new monthly cap and will post them to their blog. Should you have any questions, please reach out to us at rideeco@dvrpc.org.