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Companies can take advantage of the tax benefit through.
Stimulus student loans employer. Cumberland the new federal stimulus bill extends the ability for employers to make tax free student loan repayment contributions for employees until 2025. The latest stimulus package allows employers to make tax free contributions of up to 5 250 a year towards their employees student loans. The provision will expire in five years although experts say.
Your employer can pay off your student loans. The latest stimulus package extends a tax benefit for companies offering this assistance. Under the cares act the 2 2 trillion stimulus package that congress passed in march there is a tax incentive for employers to help their employees with student loan repayment.
The cares act the 2 2 trillion stimulus passed in march provides a tax incentive for your employer to help pay your student loans. Companies offering help during coronavirus pandemic employers are allowed to make tax free. Employers can help students repay loans.
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