arrow_back Trending Legislation
Share share

Increased Tax Breaks for Employee Education and Professional Training

This act temporarily increases the tax exclusion limit for employer-provided educational assistance programs. It also broadens the definition of educational expenses to include essential tools and technology, allowing for the coverage of equipment and licensure fees.
Key points
Increased Tax Exclusion: The annual tax exclusion for educational assistance is increased to $12,000 (up from $5,250) for taxable years beginning after December 31, 2020, and before January 1, 2023.
Broader Expense Coverage: The definition now includes hand tools, construction equipment, computers, software, internet access, VR tools, and licensure fees necessary for instruction.
Support for Professional Advancement: The provision covers tools and technology required for obtaining or maintaining professional certifications, licenses, or employment advancement.
article Official text account_balance Process page notifications_active Track this Bill
gavel
Status:
Expired
Record your position for audit.
Why does your vote on bills matter?
It creates raw, undeniable proof. Civic Will provides the permanent data to verify the Government's loyalty towards its citizens (explained here). Start recording it now.
Additional Information
Upskilling and Retraining Assistance Act
Print number: HR 4411
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2021-07-13