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Federal transit benefits raised to $245 per month, retroactive payments clarified

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Transit riders will be able to receive even higher federal transit benefits -- and get back money for last year's transit costs. The Internal Revenue Service has adjusted the maximum transit and parking benefits for up to $245 per month from $240 to take into account inflation. That comes after Congress raised the limit earlier this month for transit riders from $125 per month to $240 per month...

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