What is the official ID of this bill?
The official print number for this legislation is HR 6401.
Higher Tax Break for Employer Education Assistance and Training Tools.
This law temporarily raises the tax-free limit for employer-provided educational assistance from $5,250 to $12,000 per year. It also significantly broadens what counts as covered expenses, including required tools, computer equipment, software, and internet access needed for training or professional licensing. This change allows employees to receive greater financial support for career development without increasing their taxable income.
Key points
The tax-free limit for employer educational assistance is temporarily increased to $12,000 annually (for 2024 and 2025 tax years).
The definition of educational assistance now includes tools, construction equipment, computers, software, internet access, and licensing fees.
Employees can keep most of the education-related tools and technology provided by the employer after training completion without incurring a tax liability.
Status:
Expired
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