22d • Tax Strategies
Education Assistance Plans - Section 127
I just uploaded a training module on Section 127 plans in the classroom. It's available to navigators and up.
Section 127 allows for employers to pay employee benefits that are tax-free to the employee but are still deductions to the employer for the purpose of educational support.
It could go towards tuition.
It could go towards student loans, which is an expansion created during Covid and is now made permanent by the One Big Beautiful Bill Act.
The student loan expansion has been a real game changer in the usability of Section 127 plans. As always there are nuances and technicalities that have to be followed and the course gets into a lot of those. Definitely worth checking out if you are in higher education, job training, or have student loans.
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Education Assistance Plans - Section 127
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