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For the purposes of this benefit, the definition of dependent children follows the guidelines of the U.S. Department of Education, which is age 23 and younger. Here is the link to the Federal Student Aid website.
Section 117 & 127 of the IRS allows employers to offer employees up to $5,250 annually in tax-free educational assistance for undergraduate or graduate-level courses. Any tuition benefit exceeding this amount for graduate level courses will be taxed through payroll.
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