Fiscal Cliff Legislation – Employee Benefits and Compensation Provisions of InterestJanuary 2013
Earlier this month we notified you that that under the American Taxpayer Relief Act of 2012—i.e., the “fiscal cliff legislation”—Congress extended the ability of employers to pay or reimburse an employee on a tax-free basis for up to $5,250 in educational assistance (which does not have to be job-related) under a written plan of the employer. Please click here for a link to that Alert. We now summarize below some other notable employee benefits and compensation-related provisions contained in the fiscal cliff legislation.
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