Educational Assistance Policy For Employees In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00451BG
Format:
Word;
Rich Text
Instant download
Description
The Educational Assistance Policy for Employees in Orange outlines a program aimed at supporting eligible employees in enhancing their skills and job performance through educational support. This policy applies to full-time regular employees who have completed at least one year of service. It provides reimbursement for tuition and registration fees for courses at accredited educational institutions directly related to the employee's current job or future positions within the company. Employees must acquire prior approval and submit a tuition reimbursement form to their supervisor before enrolling in courses. Reimbursement amounts vary based on grades achieved, with a maximum allowable number of credits per semester. Employees are required to submit proof of course completion, including an official transcript and payment receipts. They must also repay any reimbursements if they leave the company within two years of receiving aid. This policy serves as a valuable resource for attorneys, partners, owners, associates, paralegals, and legal assistants looking to further their education and improve their career opportunities.
Free preview
Form popularity
FAQ
Similar to federal law, state law provides that contributions made to a qualified tuition program are not deductible.
Our Educational and Professional Reimbursement (EPRP) grants you access to reimbursement of up to $10,000 for qualified expenses such as schooling, conferences, seminars, certificate programs, membership in professional associations, and so much more!
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.
