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Student Loan Employee Benefits Are Now Tax Advantaged Employers Can Help Repay Employee Student Loan Debt as a Tax-Deductible Business Expense News provided by Share this article Share this article PHOENIX, Jan. 13, 2021 /PRNewswire/ -- With the Consolidated Appropriations Act, 2021 signed into law on Dec. 27, a key benefit for employers and employees paying down educational debt with student loan repayment assistance programs has been extended. The provision of the CARES Act that expanded Section 127 of the Internal Revenue Code to cover employer contributions to student loan repayment on a ...