S772119th CongressWALLET

Employer Participation in Repayment Act

Sponsored By: Senator Warner, Mark R. [D-VA]

Introduced

Summary

Makes permanent the tax exclusion for employer-provided student loan repayment assistance. This bill would remove the January 1, 2026 sunset from Internal Revenue Code section 127(c)(1)(B), so employer payments toward employee student loans would remain excluded from workers' taxable income for payments made after enactment.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Permanent tax break for employee student loans

This bill would make permanent the tax exclusion for employer student loan repayments. You would be able to exclude qualified employer payments from your taxable income. The bill would remove the rule limiting the exclusion to payments made before January 1, 2026. The change would apply to payments made after the date of enactment.

Sponsors & CoSponsors

Sponsor

Warner, Mark R. [D-VA]

VA • D

Cosponsors

  • Sen. Thune, John [R-SD]

    SD • R

    Sponsored 2/27/2025

Roll Call Votes

No roll call votes available for this bill.

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