Archive for the ‘Employee benefits’ Category

Employee Scholarships – Taxing Questions for You

Authored By: Jennifer H. Richter


If you are one of those generous employers who provides educational scholarships to current employees and prospective employees, we strongly recommend that you evaluate whether you are appropriately taxing these benefits.  When an individual hears the word “scholarship,” they frequently don’t think of this financial award as potentially having tax implications.  However, for purposes of the Internal Revenue Code, there are very specific requirements in order for an employer-provided scholarship to avoid federal income tax. (more…)