Employee parking deductions to be withheld on post-tax basis effective July 1

On December 22, 2017, the Tax Cuts and Jobs Act (TCJA) with several provisions impacting qualified transportation fringe benefits was signed into law. One provision eliminated employers’ ability to offer parking deductions on a pre-tax basis as doing so subjected employers to taxation on the value of the benefit provided.

Consequently, all employee parking deductions will be withheld on a post-tax basis effective with the first pay received after July 1, 2018.

If you have any questions, please contact Ohio University Human Resources at 740-593-1636 or Parking Services at 740-593-1917.