"The CARES Act expanded the scope of Educational Assistance Programs under Section 127 of the code to include student loan repayments. Under prior law, that provision only allowed for an exclusion from an employee's income for educational assistance that was provided by an employer prospectively.... [An] employer may now repay up to $5,250 of an employee's student loans, and those repayments would not be subject to income or payroll tax for 2020."  MORE >>