Tax on Transportation Benefits of Not-for-Profits Repealed

February 5, 2020 – In 2018, the Tax Cuts and Jobs Act (the Act) imposed an excise tax on qualified transportation benefits provided to employees by tax-exempt organizations– The Act  left all of us scratching our heads! See our original blog post here.

Congress has realized this transportation tax on not-for-profits was an unintended consequence of the Act and it was repealed in December 2019.

If your organization previously filed an IRS Form 990-T for qualified transportation costs and paid this excise tax, an amended Form 990-T can be filed to request a refund.

About the Author

Dopkins Not-for-Profit Team

Dopkins has extensive experience with the accounting, reporting, regulatory, operational and tax aspects of not-for-profit organizations. For more information, contact Karen Costa at kcosta@dopkins.com or Nicholas Fiume at nfiume@dopkins.com.

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