Wednesday, March 30, 2011

Tax Breaks For Employers Who Help Employees Pay Back Student Loans

Rhode Island Legislator Chris Blazejewski has proposed something quite intriguing in RI. Why not offer something like this nationwide? I know that there are so many small business owners who have probably had potential employees turn down their job offer because the pay was simply not enough - in fact, I know of several cases like that. Why not offer employers tax breaks who help pay off an employer's student loans?

The IRS does offer Employer Provided Educational Assistance (section 127 of the IRS code), but there does not seem to be any thing directly related to an individual's debt.

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