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Education
This is my first year using the "online" version and it won't let me view the actual tax document (or at least I have not figured out how to yet). I've gone through every expense and it doesn't fall into the provided categories. To answer your question directly: no, there is not an employee benefit program entry. I understand the reasoning before 2020, if you were a SP and make a payment to your loans, you pay tax as the individual anyway so there is no point; however under the CARES Act, the employee does not get taxed for student loan payments from 3/20 - 12/20 up to $5,250.
Thank you for your response though; I'm hoping I can figure this out because it's a huge deduction at $5,250.
‎February 4, 2021
11:28 AM