Bill Could Spur Companies' Ability To Repay Employee Student Debt

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Bill Could Spur Companies' Ability To Repay Employee Student Debt

Mar, 8th 2017

A bipartisan bill, introduced last week by Reps. Rodney Davis (R-Ill.) and Scott Peters (D-Calif.), would give companies a tax break for providing employees up to $5,250 a year to repay education debt, while sparing employees from being taxed on the money. The deduction is comparable to the existing tax benefits for tuition reimbursement, Davis said. He said the repayment incentive could help the government save money on student loan defaults.

“We’re talking about tax reform every day. This would be a simple change in the tax code that would be a...

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