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Income Tax Planning
Chapter 5: Gross Income from Employment/OTHER EMPLOYEE FRINGE BENEFITS (6 OF 9)
Warren Academy Course SyllabusSyllabus Slides
Chapter Study Session

Chapter 5: Gross Income from Employment

OTHER EMPLOYEE FRINGE BENEFITS (6 OF 9)

01.Core Concepts

Educational Assistance Programs • Up to $5,250 (in 2026) excluded from income per year • Written plan • Can cover tuition, fees, books, supplies, and equipment • Employee student loan payments (3/28/20 through 12/31/25) • Undergraduate and graduate education • May not be used for sports, games, or hobby classes Dependent Care Assistance • Up to $7,500 (beginning in 2026) excluded from income, but no more than earned income • Must allow the employee to work • Nondiscrimination requirements apply