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How to setup a section 127 plan: 460) is the basis for the inclusion in the cares act. One component of this relates to when students have to repay their debt.
The income exclusion is up to $5,250 per year per employee.
Make sure you comply with irs requirements for section 127 plans here. This order suspended all payments on. How to setup a section 127 plan: Employees can exclude up to $5,250 from their gross income, so long as the payments are for the retirement of student debt.
