CARES Act Enables Employers to Assist with Student Loan Repayments
The Coronavirus Aid Relief and Economic Security Act (the “CARES Act”), signed into law on March 27, 2020, provides employers with a new mechanism to assist their employees with repayment of student loans. Section 2206 of the CARES Act amends Section 127 of the Internal Revenue Code (the “Code”) to allow employers to pay up […]
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2 min read
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Tagged: CARES Act, covid-19, educational assistance, Section 127, Section 2206, Student Loans
RJ
Russell M. Johnson
Former Associate