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For instance, employers who offer student loan repayment assistance can do so tax-free up to the $5,250 limit. Plus, offering these benefits may help recruit, engage and retain employees.
As borrowers prepare to resume paying their federal student loans in the coming weeks, the IRS is reminding employers that they can help by offering workers up to $5,250 tax free as part of their ...
Educational assistance programs have been available for many years, the IRS noted, but the option to use them to pay student loans has been available only for payments made after Mar. 27, 2020.
The good news is that some states will pay off student loans if you decide to move there. However, most states and Washington, D.C., only offer student loan forgiveness programs to existing residents.
Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.
The states that are considering taxing up to $10,000 in forgiven student loan debt as income, according to a preliminary report from The Tax Foundation, include: Arkansas – $550 Hawaii – $1,100
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