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Article Date:
October 2016

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Business Tax Deductions with Section 127 Plan for Child’s College

Here’s an advantage to being in business for yourself: create a tax-favored educational assistance program.


Hire your child age 21 or older. Grant the education program to all your employees, including your employee-child. Now, you may deduct up to $5,250 of your employee-child’s college tuition and book fees. The $5,250 is the annual, per-employee limit on Section 127 educational assistance.1


To create the benefit, you need a plan. Good planning can make this benefit well worth the effort.


To put the plan in place, your child ... Log in to view full article.

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