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Old 04-01-2008, 06:01 PM
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How much can an Employer pay his employee for Educational Assistance Program in 2007?

How much can an Employer pay his employee for Educational Assistance Program in 2007? Is there a limit imposed by the IRS?

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Old 04-02-2008, 10:55 AM
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The excludable amount for educational assistance program for Year 2007

The excludable amount for educational assistance program for Year 2007
Per IRS code sec 127, an Employer can pay a maximum of $5,250 to an employee for tuition, fees, books, or supplies under the Employer's educational assistance program. This is the maximum amount an employee may exclude from his taxable income.

Any amounts paid in excess of these amounts are to be included on the employee's W-2.

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