The measure (H.R. 795) would provide a tax incentive for employers to help their employees with student loan debt. It would expand the current employer-assistance exclusion of $5,250 to include employer payments of employees’ student loans, starting in 2018. Currently, an estimated 4% of employers help employees with student loan repayment.
Barbara Weltman
Big Ideas for Small Business, Inc.
Subscribe and download our eBook, "150+ Tax Deductions for Small Business A to Z."
Footer
BOI reporting cont'd. But this isn’t the end of the story. The government filed a notice of appeal with the appellate court, and FinCEN says “deadline stay—voluntary submission only” (https://bit.ly/3ZpKxwU Note: There are cases challenging CTA that are still pending.