The Internal Revenue Service (IRS) recently released Tax Tip 2025-59, reminding employers that they can support employees’ undergraduate or graduate education through educational assistance programs. These programs can cover costs such as tuition, books, supplies, equipment, and other fees, as well as qualified student loan repayments.
Both the House and Senate versions of tax reform propose significant changes that may reduce or eliminate the tax benefits of many popular employer-provided fringe benefits, such as dependent care assistance programs, on-premises gyms and bicycle commuting expense reimbursements. In addition, many common deductions for work-related activities—including certain meal and entertainment expenses—may see sweeping changes.
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