Full details are available via IRS Revenue Procedure 2017-58. You may download the pdf at https://www.irs.gov/pub/irs-drop/rp-17-58.pdf.
Employer tools will be updated once 2018 tax brackets are finalized.
The cap on 132(f) Transportation Fringe Benefits (like RideECO) is set to increase for the 2018 calendar year. Presently, the monthly cap is $255/month. For 2018, the cap received a Cost of Living Adjustment (COLA) to increase to $260/month.
Full details are available via IRS Revenue Procedure 2017-58. You may download the pdf at https://www.irs.gov/pub/irs-drop/rp-17-58.pdf. Employer tools will be updated once 2018 tax brackets are finalized.
0 Comments
RideECO submits weekly transfers for PATCO FREEDOM Cards. You will find an updated schedule below as to when your order should be received by Edenred and when employees can expect to see funds loaded onto their FREEDOM Cards. The file will continue to be sent to PATCO on Fridays, unless it conflicts with a DVRPC office closure. The date affected in 2018 is:
In lieu of the date above, FREEDOM card orders will be submitted to PATCO on the following date:
Please remember, some federal holidays may impact the load dates. PATCO has three business days to load employees’ FREEDOM Cards. If you want to upload RideECO value to FREEDOM Cards, please do the following: 1. Collect employees’ FREEDOM Card numbers and the amounts they would like uploaded to their FREEDOM Cards. ($97.00? $42.00? Sure! But not $41.34.). 2. Complete an online order via our secure website www.RideECO.org and click “Login” in the upper right corner. After placing your online order, please submit payment via check or ACH transfer. 3. Please have your order and payment to Edenred 48 hours before (usually a Wednesday) the load date to ensure your employees’ cards are included in that Friday’s FREEDOM Card upload. 4. Please remind your employees that PATCO has three business days to load their FREEDOM Cards. Important reminders:
Please review the 2018 schedule by downloading the PDF below.
|
Categories
All
Archives
November 2018
|