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Can you upload / send me those pages and any research you did on it? I'd like to see if I can offer it to my employees. I've never heard of giving money to empl
by icelancer 7y ago
Can you upload / send me those pages and any research you did on it? I'd like to see if I can offer it to my employees. I've never heard of giving money to employees for student loans that also reduces the employer's tax burden.
EDIT: Everything I can find just says the student loan payments from employers are now tax-free for the employee. I would love to know if there are other areas of the bill that give the business tax deductions / tax credits for paying employees' student loans down, because I'll do that in a heartbeat.
Example: https://www.benefitnews.com/news/what-the-cares-act-means-for-student-loan-benefits https://www.benefitnews.com/news/what-the-cares-act-means-fo...
- xyst 7y agoSEC. 2301. EMPLOYEE RETENTION CREDIT FOR EMPLOYERS SUBJECT TO CLOSURE DUE TO COVID–19. see "(2) eligible employers" section" https://www.congress.gov/bill/116th-congress/house-bill/748/text#H6EC2102D2A4E4392B16B6F05A7D9B433 https://www.congress.gov/bill/116th-congress/house-bill/748/... good luck
- icelancer 7y agoI see nothing here that talks about employer tax benefits for paying for employee student loans - just a discussion of payroll tax credits and some stuff about healthcare benefits. Do you have any layperson articles or guidelines from a company like Gusto or other HR companies that give guidance on how to pay employees' student loans down and get tax deductions/credits?
- deleted 7y ago[deleted]
- gamblor956 7y agoSection 2301 is unrelated to section 2106, which provides the employer paid tuition benefit.