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Question: the tcja a eliminates employer deductions for the cost of...

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The TCJA: a. Eliminates employer deductions for the cost of providing qualified employee transportation fringe benefits: parking allowances, mass transit passes and van pooling, b. Retains fully taxable treatment for employees who receive qualified transportation fringe benefits, c. Makes no changes to the deductibility of business interest expense, d. Creates a new tax free employee benefit of up to $250 per month for employer paid bicycle commuting allowances.

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