Education benefits help attract, retain and motivate your employees
- Details
- Published: Monday, 01 May 2023 13:42
- Written by Phillip Strickler, CPA.CITP
One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employers. One way to attract, retain and motivate employees is to provide education fringe benefits so that team members can improve their skills and gain additional knowledge. An employee can receive, on a tax-free basis, up to $5,250 each year from his or her employer under a “qualified educational assistance program.”
