The IRS released a set of FAQs that do not appear to make any changes, but simply clarify the tax-favored reimbursement available via educational assistance programs offered by employers to employees.
Code §127 permits employers to reimburse employees for payments for tuition, fees and similar expenses, books, supplies and equipment. Through the end of 2025 (unless extended further by legislation), employers may also reimburse employees for principal or interest payments on qualified education loans. Such reimbursements may be excluded from employees’ taxable income up to $5,250 per calendar year.
Since a Section Code §127 educational assistance program requires a written plan document, the IRS FAQs include a sample plan for employers. Further detail on such programs is available in the IRS FAQ found here – Frequently asked questions about educational assistance programs | Internal Revenue Service (irs.gov).