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Student Loan Tax Relief Joins Treasury’s Priority Guidance Plan

Oct. 9, 2019, 4:19 PM

Official guidance on how companies can shave their tax bill by helping employees pay down student loan debt should be issued before next summer, according to the administration’s latest regulatory update.

Internal Revenue Service officials in May teased that regulators were working on updating existing rules governing the tax treatment of employer-sponsored debt repayment programs. Questions about the coveted benefit have ticked up since Abbott Laboratories got the government’s blessing for a matching contribution perk tied to its retirement plan.

The new priority guidance plan doesn’t specify when tax authorities expect to roll out the promised information but does confirm...

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