The IRS released a draft of its 2025 Publication 15-B Employer’s Tax Guide to Fringe Benefits, which contains among other things a bump in the qualified parking exclusion and commuter transportation benefit from $315 to $325, a bump in the contribution limit to an FSA to $3,300 and HSA to $4,300 for self-only and $8,550 for family, an update in the income thresholds for determining whether an employee is classified as highly compensated, a key employee, or a control employee, and clarification of whether certain persons may qualify for educational assistance programs. Notably the mileage reimbursement rate was not included in the draft, so the current 67 center per mile for 2024 may continue to be used.