The IRS issues Revenue Procedure 2009-21 which modifies and supersedes prior guidance to reflect amounts to be used in 2008 and 2009 for certain items including for purposes of the Qualified Transportation Fringe Benefit.
Document Excerpt
Section 1151 of ARRTA amended § 132(f)(2) of the Code to provide a temporary increase in the amount excludable from gross income for certain employer provided transportation fringe benefits. For months beginning after February 17, 2009, and before January 1, 2011, the monthly limitation under § 132(f)(2)(A) for transportation in a commuter highway vehicle and any transit pass is the same as the amount in effect under § 132(f)(2)(B) for qualified parking, which is $230 per month for 2009.
Link http://www.irs.gov/pub/irs-drop/rp-09-21.pdf
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