IRS Clears Path for Student Loan Repayment Tied to 401(k) - McDermott Will & Emery

IRS Clears Path for Student Loan Repayment Tied to 401(k)

Overview


Jeffrey Holdvogt said that an Internal Revenue Service private letter ruling allows an employer to provide a tax-free student loan repayment option through a 401(k) contribution. “The individual for whom this is a real benefit is an employee who wasn’t otherwise making 401(k) contributions,” he said.