Educational Assistance Policy For Employees In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00451BG
Format:
Word;
Rich Text
Instant download
Description
The Educational Assistance Program for Employees in Montgomery is designed to support eligible employees in furthering their education, thereby enhancing their skills and job performance. This program covers courses from accredited institutions related to the employee's current job or intended career advancement. Full-time employees with at least one year of service can apply for assistance. Reimbursable expenses include tuition and registration fees, with a reimbursement structure based on the grades received. Employees are required to submit a tuition reimbursement form for approval before taking courses and must provide proof of payment and a transcript upon completion. If they leave the company within two years of reimbursement, they are obligated to repay those funds. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clear guidelines on educational assistance, ensuring they understand eligibility, the reimbursement process, and their obligations under the program.
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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.
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.
