Q1. What is an educational assistance program? A1. An educational assistance program is a separate written plan of an employer for the exclusive benefit of its employees to provide employees with ...

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 ...

According to Scholarships360, Apple has an educational assistance program in which employees who work at least 20 hours a week are eligible for $5,250 annually. This money can go toward tuition, books ...

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 ...

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 ...

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 Employer Participation in Repayment Act allows employers to contribute up to $5,250 tax-free to employees’ student loans annually through 2025. U.S. Sens. Mark R. Warner of Virginia and John Thune ...

The Internal Revenue Service plans to host a free webinar next month to educate taxpayers and tax professionals about how employers can set up educational assistance programs to help employees with ...

STARKVILLE, Miss.—Mississippi State University and HII’s Ingalls Shipbuilding division formally partnered Wednesday [Oct. 23] to give eligible employees at Ingalls expanded education assistance ...