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Educational assistance - taxable?


Just Plain Ruff

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According to the HR department of the facility I work for they are saying that unless congress extends seciton 127 of the tax code by the end of the year that all education assistance that your company pays for will be taxed as income to you.

So if your company pays for you to go to ACLS, BTLS, ITLS, PALS and all that, they can and should be taxing you at your taxable rate.

So if you your company pays for ACLS at 250.00 and Pals at 250.00 then they will tax at your tax rate 500.00

Check with your HR departments but as far as I know, congress did not extend section 127 when they extended the Bush tax cuts.

I just don't want anyone to be shocked when they see a tax line item on education from their company.

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