On June 17, 2024, the IRS issued a fact sheet (FS 2024-22) that provides answers to frequently asked questions (“FAQs”) about educational assistance programs under Section 127 of the Internal Revenue ...
The IRS recently issued a “Tax Tip” reminding that employers that offer IRC Section 127 educational assistance programs can use those programs until December 31, 2025, to pay principal or interest on ...
ARE YOU SAYING COMPANIES ARE PAYING OFF EMPLOYEE STUDENT LOANS? WELL, BELIEVE IT OR NOT, KELLY, SOME ARE, BUT HERE’S WHAT’S HAPPENING. MORE EMPLOYERS ARE GOING THE ROUTE OF PREPAYING FOR TUITION AND ...
Section 127 allows employers to pay employees up to $5,250 tax-free for educational assistance, including (for now) repaying student loan debt. This week, the IRS updated its FAQs focused on the ...
The fact sheet contains frequently asked questions pertaining to Section 127 of the Tax Code, which allows taxpayers to exclude certain educational assistance benefits from their gross income if ...
Student debt has more than doubled over the last two decades, affecting millions of U.S. employees. As a result, an increasing number of employers are considering offering educational assistance ...
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