Recommended by IRS

About Publication 970, Tax Benefits for Education

Publication 970 explains tax benefits that may be available to you if you are saving for or paying education costs for yourself or, in many cases, another student who is a member of your immediate family.

Reminder: Educational assistance programs can help pay workers’ student loans

Tax Tip 2023-114, Sept. 25, 2023 — Employers that offer educational assistance programs can also use those programs to help pay their employees’ student loans.
General Information
Businesses

Employer-offered educational assistance programs can help pay for college

Tax Tip 2024-68, Aug. 7, 2024 — An educational assistance program is an employer’s written plan to provide employees with undergraduate or graduate-level educational assistance. These programs allow employers to pay student loan debt and other education expenses tax-free.
General Information
Businesses

Reminder to employers and employees: Educational assistance programs can be used to help pay workers’ student loans; free IRS webinar will offer details

IR-2023-152, Aug. 24, 2023 — With the fall college semester quickly approaching, the Internal Revenue Service today reminded employers and employees that under federal law, employers who have educational assistance programs can use them to help pay student loan obligations for their employees.
News
News Media, Tax Professionals, Small Businesses

Employee benefits

Businesses with Employees - Benefits
General Information
Small Businesses

Name, image and likeness income

If you are a student-athlete and you receive any monetary or financial gain, in cash or non-cash, from a transaction in which you benefit from the use of your name, image or likeness, that gain is NIL income.
Tax Administration (Non-Authoritative)
Small Businesses

National Small Business Week advice from the IRS: Plan now to take advantage of new and existing tax benefits, prepare for reporting changes

IR-2023-95, May 2, 2023 — The IRS today urged business taxpayers to begin planning now to take advantage of tax-saving opportunities and get ready for reporting changes that take effect in 2023.
General Information
Small Businesses

Frequently asked questions about educational assistance programs

FS-2024-22, June 2024 — This fact sheet provides answers to frequently asked questions related to educational assistance programs under section 127 of the Internal Revenue Code. a section 127 educational assistance program.
General Information
Businesses

Find information on complex tax topics

Find resources to help you on topics too complex for telephone assistors to help you with.
General Information
Individuals, Tax Professionals, Businesses