Employer educational assistance exclusion (federal)
Up to $5,250 a year per employee of payments excluded from wages.
Up to $5,250 per employee per year. Above that, the value counts as wages unless it is a working condition benefit.
The employer pays the education costs. The tax saving is the employee's wages exclusion and related payroll taxes.
- You pay under an educational assistance program
- Covers tuition, fees, books, supplies and equipment