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Stock impact report

Student Loan Help From Work? How You Could Get $5,250 Toward Student Loans Tax-Free [Forbes]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Forbes
Employers have been able to help pay down student loans tax-free for some time, and the recent One Big Beautiful Bill Act has made this benefit permanent, allowing employers to contribute up to $5,250 annually toward employees' qualified education expenses—including student loan payments. Understanding The Rules The One Big Beautiful Bill Act builds on a temporary change introduced during the Covid-19 pandemic that allowed employers to treat student loan repayment assistance the same as tuition assistance for tax purposes. That means any employer contributions did not count as taxable income for the employee. Before the pandemic, Section 127 of the Internal Revenue Code allowed employers to provide up to $5,250 per year in tax-free educational assistance to employees, but it only applied to expenses like tuition, fees, books, supplies and equipment—notstudent loan repayments. In 2020, the CARES Act temporarily expanded the tax-free benefit to include student loan repayment ass Show less Read more
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