Monthly Archives - January 2021

Congress Extends Student Loan Repayment Provision to 2025

Employers will be allowed to make tax-free contributions of up to $5,250 per employee annually toward eligible education expenses, including tuition or student loan assistance. The passage this week of the stimulus bill approved by Congress preserves the tax-free status of employer payments toward employee student loans through 2025, a marked difference from the year-end expiration date included in the Coronavirus Aid, Relief and Economic Security (CARES) Act... The CARES Act’s semi-permanent status meant fewer employers were willing to...
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