Educational Assistance Policy For Employees In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00451BG
Format:
Word;
Rich Text
Instant download
Description
The Educational Assistance Program for Employees in Riverside is designed to support eligible employees in enhancing their skills and job performance through education. This form outlines the process whereby full-time regular employees, who have completed at least one year of service, can receive reimbursement for approved courses at accredited institutions. Key features include eligibility criteria, such as obtaining prior written approval and maintaining employment through course completion. The reimbursement structure incentivizes academic achievement, with percentages based on the grades attained, covering tuition and registration fees up to a preset limit per semester. The form outlines the necessary documentation, including transcripts and proof of payment, that employees must submit post-course completion. It also includes a clause requiring repayment of reimbursements if the employee leaves the organization within two years of receiving funding. This program is particularly useful to attorneys, partners, owners, associates, paralegals, and legal assistants as it promotes continuous professional development and aligns educational pursuits with career advancement.
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FAQ
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.
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.
