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Acronymfinder

What does QTFB stand for?

QTFB stands for Qualified Transportation Fringe Benefit (employee benefit)


This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

Samples in periodicals archive:

9) Generally applicable for taxable years beginning after December 31, 2001, the final regulations did make several significant changes worth highlighting, because they will affect how employers administer their qualified transportation fringe benefit plans.
Accor Services USA, leader in innovative employee benefits solutions and premier provider of national commuter benefit programs with its Commuter Check([R])and WiredCommute([R]) programs, today announced the availability of its new Commuter Check Card Prepaid MasterCard[R], a new prepaid card commuters can use in accordance with the Qualified Transportation Fringe Benefit (IRS Tax Code Section 132(f)) to pay for commuting and commute-related parking expenses.
Qualified transportation fringe benefit increase: The act increased the excludible amount of a qualified transportation fringe benefit from $120 to $230 per month (the same as the qualified parking amount) (Sec.
THE BENEFITS Qualified transportation fringe benefits include the following: * Transportation in a commuter highway vehicle, defined as any vehicle seating at least six adult passengers in which 80% of the mileage is for travel between employees' residences and the place of employment and when at least half the adult seating capacity is used for employees on such trips.