04 January 2013

• Congress Extends Tax-Free Tuition Assistance


“The tax relief package passed by Congress on Jan. 1, 2013, to keep the U.S. from tumbling over the so-called “fiscal cliff” included a huge holiday gift for human resource professionals….

”The provision allows employees to exclude from taxable income up to $5,250 per year in employer-provided tuition assistance for undergraduate or graduate level courses and had become a very popular benefit.”

Source: SHRM


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