Educational Assistance Program Employees Without Money In Sacramento
Category:
State:
Multi-State
County:
Sacramento
Control #:
US-00451BG
Format:
Word;
Rich Text
Instant download
Description
The Educational Assistance Program for Employees is designed to support eligible employees in upgrading their skills and performance through educational opportunities. This program is applicable to full-time employees in Sacramento who have completed at least one year of service and allows them to pursue courses from accredited institutions that are relevant to their current job roles. Key features include reimbursement for tuition and registration fees based on a grading scale, with specific amounts tied to the grades received. Employees are required to obtain prior approval from supervisors and HR, and they must provide proof of payment and official transcripts following course completion. The program stipulates that employees must continue their employment for at least two years after receiving reimbursement or else repay the funds. This form is valuable for attorneys, partners, owners, associates, paralegals, and legal assistants as it streamlines the process of applying for educational assistance, ensures compliance with company policies, and aids in career development.
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FAQ
Similar to federal law, state law provides that contributions made to a qualified tuition program are not deductible.
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.
