News & Analysis as of

Employee Benefits Educational Assistance Programs

BakerHostetler

Analysis of Employer-Related and Executive Compensation Changes Under the 2025 Tax Legislation

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There is a possibility for one or more additional reconciliation bills during late 2025 and 2026, and therefore additional opportunities for enactment of additional provisions, as well as changes and improvements to the...more

Bradley Arant Boult Cummings LLP

Employee Benefits Under the One Big Beautiful Bill Act: What Employers Need to Know

On July 4, 2025, President Trump signed into law the “One Big Beautiful Bill” Act (OBBB), a sweeping piece of legislation that significantly reshapes the landscape of tax policy and public health coverage. While the bill’s...more

Venable LLP

The One Big Beautiful Bill Has Arrived - Here’s What It Says About Employee Benefits

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On July 4, 2025, President Trump signed into law the One Big Beautiful Bill (OBBB). This client alert summarizes key provisions of the OBBB impacting employee benefits. The provisions become effective January 1, 2026 unless...more

Verrill

Student Loans and Code Section 127 Educational Assistance Programs: A Reminder from the IRS, FAQs, and a Sample Plan Document

Verrill on

On August 28, the IRS issued IR-2024-227, reminding employers of the following key aspects of educational assistance programs under Internal Revenue Code Section 127: -They can be used to help reimburse the costs of or...more

Littler

IRS Issues FAQs on Educational Assistance Programs

Littler on

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....more

Harris Beach Murtha PLLC

Employers’ Educational Assistance Programs Can Help Pay Employees’ Student Loans Until December 31, 2025

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 any “qualified education...more

Fisher Phillips

Federal Student Loan Payments Resume After 3-Year Pause: Here’s How Employers Can Help Their Workforce

Fisher Phillips on

October is here. That means football is in full swing, pumpkin spice lattes are plentiful, and federal student loan payments will resume after being on pause since 2020. Employees with student loan debt are feeling the pinch...more

Snell & Wilmer

CARES Act Enables Employers to Assist with Student Loan Repayments

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The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020, provides employers with a new mechanism to assist their employees with repayment of student loans. Section 2206 of the...more

Hinshaw & Culbertson - Employment Law...

CARES Act Program Expands Scope of Educational Assistance Plans to Include Employer Repayments of Student Loans

A new rule under the CARES Act could be beneficial for employees with outstanding student loan debt, and even provide some cost savings for employers as well. The CARES Act expanded the scope of Educational Assistance...more

Dickinson Wright

Benefits Briefs in the Time of COVID-19, Part 2: Temporary Expansion of Educational Assistance Programs to Cover Employees’...

Dickinson Wright on

The CARES Act gives employers a way to pay employees’ student loan debt on a pre-tax basis during a portion of 2020 through an educational assistance program under Section 127 of the Internal Revenue Code (“Code”)....more

Burr & Forman

Final Version of Tax Reform Act has a Minor Impact on Employee Benefit Programs

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In early November, I posted an article entitled “Tax Reform Proposal Nixes Favorable Tax Treatment of Several Employee Benefits”. That article reviewed the Ways and Means Committee’s proposal (H.R. 1, the Tax Reform and Jobs...more

King & Spalding

American Taxpayer Relief Act of 2012: Expanded Roth Conversions and Other Benefit and Retirement Related Provisions

King & Spalding on

On January 2 , 2013, President Obama signed the American Taxpayer Relief Act of 2012 (H.R. 8) (the “Relief Act”) into law. While the principal intention of the Relief Act was to avert the key elements of the “fiscal cliff” by...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

A Soft Landing From The Fiscal Cliff For Employee Benefits

Well, Congress in the season of giving has provided plan sponsors and participants with multiple beneficial opportunities to start 2013. Congress passed the American Taxpayer Relief Act of 2012 (H.R. 8), also known as the...more

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