IRS Gives Companies New Way to Help Employees Tackle Student Loans

Overview


Jeffrey Holdvogt and Sarah Engle authored an On the Subject on an Internal Revenue Service private letter ruling that allows an employer to provide a tax-free student loan repayment option through a 401(k) contribution. Mr. Holdvogt said that “the principles described by the IRS in the private letter ruling could be applied to other employer designs that provide different benefits.”