Scheduling
Time & Attendance
Forecasting
Employee App
Payroll Integrations
Communications
Legal
By Jerry Geisel
Mar. 6, 2012
The tax-favored status of employer-paid educational assistance benefits would be made permanent under bipartisan legislation introduced in the House of Representatives on March 5.
Under Section 127 of the Internal Revenue Code, employers can reimburse employees for up to $5,250 in annual undergraduate and graduate costs without the reimbursement being included in employees’ taxable income.
That tax break, though, is set to expire on Dec. 31, 2012. The bill, H.R. 4137, introduced by Reps. Sam Johnson, R-Texas, and Richard Neal, D-Massachusetts, would make the tax break permanent.
“It’s time to make education assistance a permanent benefit that workers and employers can count on,” Kathleen Coulombe, senior associate in government affairs at the Society of Human Resources Management in Alexandria, Virginia, said in a statement.
Jerry Geisel writes for Business Insurance, a sister publication of Workforce Management. To comment, email editors@workforce.com.
Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.
Come see what we’re building in the world of predictive employee scheduling, superior labor insights and next-gen employee apps. We’re on a mission to automate workforce management for hourly employees and bring productivity, optimization and engagement to the frontline.
Compliance
Minimum Wage by State in 2023 – All You Need to KnowSummary Twenty-three states and D.C. raised their minimum wage rates in 2023, effective January 1. Thr...
federal law, minimum wage, pay rates, state law, wage law compliance
Legal
New Labor Laws Taking Effect in 2023The new year is fast approaching, and with its arrival comes a host of new labor laws that will impact ...
labor laws, minimum wage, wage and hour law
Legal
Wage and Hour Laws in 2022: What Employers Need to KnowWhether a mom-and-pop shop with a handful of employees or a large corporation staffing thousands, compl...
compliance, wage and hour law