How to Provide Employees $26,250 in Nontaxable Student Loan Repayment Assistance
By EsqSocial Corporation 07/01/21
The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly extended the tax exclusions for employer-paid student loan repayment assistance introduced under the CARES Act. With this extension, employers can provide employees with student loan repayment assistance of up to $5,250 per year for 2021 through 2025 (up to $26,250 total)......
By: Bradley Arant Boult Cummings LLP