Employer Educational Assistance Programs Used to Help Pay Off Workers ’ Student Loans
The IRS is reminding employers who offer educational assistance programs can also use them to help pay for their employees ’ student loan obligations through Dec . 31 , 2025 . Though educational assistance programs have been available for many years , the option to use them to pay for workers ’ student loans has only been available for payments made after March 27 , 2020 . Under current law , this student loan provision is set to expire Dec . 31 , 2025 .
Traditionally , educational assistance programs have been used to pay for books , equipment , supplies , fees , tuition and other education expenses for the employee . These programs can now also be used to pay principal and interest on an employee ’ s qualified education loans . Payments made directly to the lender , as well as those made to the employee , may qualify .
Get more info at irs . gov / newsroom / irs-reminder-employereducational-assistance-programs-can-still-be-used-to-helppay-off-workers-student-loans-through-dec-31-2025 .
Filling the Talent Pipeline
The accounting profession is at a crossroads as significant shifts are shaping its future and the challenge of attracting and retaining top talent grows . At our recent Members Club Summit , CalCPA CEO Denise LeDuc Froemming and Jason Fox , CalCPA VP of Advocacy & Public Affairs , unpacked what it ’ s going to take to make waves and help propel the profession forward .
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