RISLA to provide aid to businesses seeking to take advantage of new federal student loan repayment deductions

PROVIDENCE – The federal government is allowing employers to provide a student-loan repayment benefit to employees on a tax-free basis, the R.I. Student Loan Authority announced on Monday. The provision allows employers to deduct a contribution of up to $5,250 annually towards an employee’s student loans. The amount would be excluded from an employee’s income,…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.