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It looks like this could perhaps be categorized under "educational assistance", saving both the employee & employer taxes. Essentially you'd be able to pay back
by gringoDan 8y ago
It looks like this could perhaps be categorized under "educational assistance", saving both the employee & employer taxes. Essentially you'd be able to pay back your student loans pre-tax, rather than post-tax.
- koolba 8y agoIf that’s truly the angle then the IRS is going to have a field day with this as “educational assistance” is meant to incentivize new spending.
- jetrink 8y agoCurrently, that is not true, but bills have been introduced in the House and Senate to create such an exemption. 1. https://www.scribd.com/document/399496280/116-Congress-Employer-Participation-in-Repayment-Act-One-Pager https://www.scribd.com/document/399496280/116-Congress-Emplo... 2. https://www.congress.gov/bill/116th-congress/house-bill/1043 https://www.congress.gov/bill/116th-congress/house-bill/1043