Student loan assistance has been a hot topic of late. In response, the IRS is reminding employers that they can take advantage of educational assistance programs to help pay for their employees’ student loan obligations through Dec. 31, 2025. Traditionally, these programs have been used to pay for books, supplies, fees, tuition and other education expenses for employees. Since March 27, 2020, they can be used to pay principal and interest on an employee’s qualified education loans. Payments made directly to a lender, as well as those made to an employee, may qualify. For additional information: https://bit.ly/3XnEg4W
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