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 ...

The Internal Revenue Service and the Treasury Department issued guidance Monday answering questions related to educational assistance programs. The fact sheet contains frequently asked questions ...

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 ...

Scholarships, grants, student loans: Chances are, these options come to mind when you’re considering how to pay for college. But there’s another type you can seek out — and you might not have to look ...

Student debt has more than doubled over the last two decades, affecting millions of U.S. employees. As a result, an increasing number of employers are considering offering educational assistance ...

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 IRS has issued a new fact sheet (FS-2024-22) to address frequently asked questions about educational assistance programs (EAPs), also known as Section 127 plans. 1 EAP plans have been an effective ...