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Permanent Tax Exclusion for Employer Student Loan Repayments.

This Act permanently removes the expiration date for the tax exclusion on employer payments toward employee student loans. This means that financial assistance provided by a company to help pay off student debt will not be counted as taxable income for the employee. This change offers a permanent financial benefit to employees with student loans who receive this type of support from their employer, increasing their take-home pay.
Key points
Employer contributions toward your student loan repayment will no longer be counted as taxable income.
The change is permanent, eliminating the previous expiration date (which was set for January 1, 2026).
Financial benefit for employees: lower taxes and faster student debt repayment through employer assistance.
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Additional Information
Print number: 118_HR_9164
Sponsor: Rep. Malliotakis, Nicole [R-NY-11]
Process start date: 2024-07-25
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Employer Participation in Repayment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9164.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-07-25.

What are the main provisions?

Key points include:

  • Employer contributions toward your student loan repayment will no longer be counted as taxable income.
  • The change is permanent, eliminating the previous expiration date (which was set for January 1, 2026).
  • Financial benefit for employees: lower taxes and faster student debt repayment through employer assistance.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Malliotakis, Nicole [R-NY-11].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Taxes Education Labor