On July 4, President Trump signed the budget reconciliation bill (aka One Big Beautiful Bill Act) into law, indefinitely extending two key pre-pandemic benefits, described below. High Deductible Health Plans and Telehealth For high deductible health plans (HDHPs) that...
Student Loan
CARES Act expansion of IRC Section 127: Tax savings on student loan repayment assistance
Under Section 127 of the Internal Revenue Code (IRC), employers are allowed to provide tax-free payments of up to $5,250 per year to eligible employees for qualified educational expenses. To be considered qualified, payments must be made in accordance with an...