H.R. 6401 · 118th Congress
Upskilling and Retraining Assistance Act
- Stage
- In committee
- Sponsor
- Danny Davis
- Introduced
- 2023-11-14
- Latest action
- 2023-11-14 · Introduced in House
Summary
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).