A potential assist for educational assistance benefits

From Crain's Cleveland Business

The tax-favored status of employer-paid educational assistance benefits could become permanent.

Our sister publication, Business Insurance, reports such a development is moving forward as a result of bipartisan legislation introduced last week in the U.S. House of Representatives. (What, you thought Congress could never agree on anything?)

Under Section 127 of the Internal Revenue Code, “employers can reimburse employees for up to $5,250 in annual undergraduate and graduate costs without the reimbursement being included in employees' taxable income,” Business Insurance notes.

Read full article on Crain's Cleveland Business