Educational Assistance Employees Without Money In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00451BG
Format:
Word;
Rich Text
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Description
The Educational Assistance Program for Employees in Allegheny provides a structured approach for eligible employees to enhance their skills through approved educational courses. This program is designed for full-time regular employees who have completed at least one year of service and covers tuition and registration fees for courses related to their current job or career advancement. Key features include a reimbursement schedule based on the grade received, which ranges from full reimbursement for an 'A' grade to none for grades lower than 'C'. Employees are required to submit a tuition reimbursement form and obtain written approval prior to course commencement. Upon course completion, they must provide an official transcript and proof of payment to receive reimbursement. Legal professionals, including attorneys, partners, and paralegals, will find this program useful for advising employees on educational benefits and compliance with company policies. Overall, this program fosters professional growth while safeguarding the interests of the employer through repayment clauses if the employee leaves the organization within two years of reimbursement.
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FAQ
For the American Opportunity Credit the education credit income limit is as follows: Single, head of household, or qualifying widow(er) — $80,000-$90,000. Married filing jointly — $160,000-$180,000.
Employees can choose from health insurance plans though Highmark or UPMC, dental plans through United Concordia, and vision plans through Davis Vision, all of which offer a variety of coverages and options for employees to select based on individual need.
Limit: The maximum permissible limit under Section 80C of the Income Tax Act 1961 is Rs. 1.5 lakh with deductions eligible only for two children per assessee.
