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H.R. 6401

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to expand and modify employer educational assistance programs, and for other purposes.
About This Bill
Committee
Latest Action · November 14, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
November 14, 2023
Cosponsors (1)
0D 1R
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Summary

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Upskilling and Retraining Assistance Act This bill increaes to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).

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