As part of The American Taxpayer Relief Act (HR 8), the legislation passed by Congress to avoid a “fiscal cliff” and maintain tax cuts and long-term unemployment benefits among other provisions, another piece of the bill is a big win for employers and employees. Section 127 of the IRS Code—employer-provided tuition assistance—is now a permanent part of the Code.
Section 127 enables an employee to exclude from his or her income up to $5,250 per year in employer-provided tu