The taxable portion should already be accounted for on your W2 in Box 1,3,5- the Box 14 amount is for your information. If you are not sure, contact your employer.
Legislation signed into law at the close of 2020 extended for five years COVID-19 relief that allows employer-provided student loan repayment as a tax-free benefit to employees under Section 127 of the Internal Revenue Code. Through 2025, employers can continue to make contributions of up to $5,250 per employee annually toward student loan assistance without raising the employee's gross taxable income.
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