https://news.yahoo.com/employer-pay-5-250-annually-153402898.html
According to the provision, an employer can make up to $5,250 in student loan payments for an employee within a year either directly to the employee or the student loan servicer. This money is considered tax-free, meaning that the employee doesn’t have to pay income taxes on up to $5,250. Additionally, the employer also receives a payroll tax exclusion on that amount.
Originally intended to end in 2020, the program was extended through December 2025 under the Consolidated Appropriations Act.
Submitted September 03, 2021 at 03:58AM by wiiniee https://ift.tt/3DDmNtD
