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Claim Your Free Copy of Top 100 FLSA Overtime Q&As

We’ve compiled a list of the 100 most commonly asked questions we have received on the federal Fair Labor Standards Act (FLSA) overtime regulations.
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This report, "Top 100 FLSA Q&As", is designed to provide you with an examination of the federal FLSA overtime regulations in Q&A format, including valuable tips for bringing your workplace into compliance in an affordable manner.

At the end of the report, you will find a list of state resources on wage and hour issues. This report includes practical advice on topics such as:
  • FLSA Coverage: How FLSA regulations apply to all employers and any specific exemptions from the overtime requirements
  • Salary Level: Qualifying for exemptions and nonexempt employees
  • Deductions from Pay: Deducting for violations, disciplinary reasons, sick leave, or personal leave


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October 26, 2011
IRS Announces 2012 Qualified Transportation Benefit Exclusions

The Internal Revenue Service has announced the monthly limits on the value of qualified transportation benefits for employer-provided mass transit passes, transportation in commuter vehicles, and qualified parking for 2012 under IRC Sec. 132(f).

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Commuter vehicles and transit passes. The temporary increase in the monthly limit on the value of qualified transportation benefits exclusion from gross income under the American Recovery and Reinvestment Act of 2009, better known as ARRA, has expired, so the exclusion reverts back to $125 per month for 2012.

Qualified parking. However, the exclusion limit on the value of qualified parking provided by an employer is up $10 from 2011 and rises to $240 for 2012.

Qualified bicycle commuting reimbursement limit. The applicable annual limitation for any employee for any calendar year is fixed at the product of $20 multiplied by the number of qualified bicycle commuting months during such year.

An employer may simultaneously provide an employee with one or more benefits.

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