ERIC Number: ED291967
Record Type: RIE
Publication Date: 1988-Mar-11
Reference Count: N/A
Employer Education Assistance: A Brief Discussion of Current Legislation and Issues. CRS Report for Congress.
Lyke, Robert F.
An Internal Revenue Code provision (section 127) that allows taxpayers to exclude from gross income the amounts their employer paid for their education expired at the end of 1987. Several bills have been introduced in the 100th Congress to reauthorize section 127. Without the exclusion, individuals may have to pay taxes on such assistance unless the education meets more stringent tests for an employee business expense deduction. The debate over whether the provision should be reauthorized involves issues of administrative burden, taxpayer equity, investment in human capital, and federal revenue loss. (Author/YLB)
Publication Type: Information Analyses
Education Level: N/A
Sponsor: Congress of the U.S., Washington, DC.
Authoring Institution: Library of Congress, Washington, DC. Congressional Research Service.