What is a Qualified Education Assistance Program?

An education assistance program is a written plan business can create to provide financial support for their employees’ education expenses. Suppose the plan meets the requirements of IRC Section 127. In that case, the distributions made to employees are deductible from the business’s taxable income and payments of up to $5,250 per year are excludable from the employees’ wages.

Easily save clients thousands in taxes.
Scan client returns.
Uncover savings.
Export a professional tax plan.