US SB772

Amends Section 127(c)(1)(B) of the Internal Revenue Code of 1986 to permanently extend the tax exclusion for employer payments toward employee student loans under educational assistance programs

Removes the January 1, 2026 expiration date that currently limits this tax benefit

Allows employees to receive employer student loan repayment assistance tax-free as part of qualified educational assistance programs on a permanent basis

Applies to payments made after the date of enactment

Introduced February 27, 2025 by Senators Warner and Thune with bipartisan sponsorship and referred to the Senate Finance Committee