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Old 07-24-2008, 02:39 PM
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What is the tax benefit(s) for a C Corporation to pursue an employee’s loan repayment

What is the tax benefit(s) for a C Corporation to pursue an employee’s school loan repayment? My current employer is C Corporation in Virginia. I was offered a job through the government where they would repay my school loans. The breakdown was $10,000 a year up to 6 years for a total of $60,000. Every pay period I would have a check mailed out directly to my lender. My employer is thinking about matching their offer. Through my research I have found that this can be done as a business expense through a retention/incentive bonus. Is there any other big things I might be missing?

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