Employer Student Loan Repayment Tax Benefit (§127)
Annual employer student loan repayment ($)
Tuition-type §127 assistance already used this year ($)
Your marginal federal income tax rate
10%
12%
22%
24%
32%
35%
37%
Advanced: wages, filing status & state
Other wages this year, excluding the benefit ($)
Filing status (Additional Medicare threshold)
Single / Head of household ($200,000)
Married filing jointly ($250,000)
Married filing separately ($125,000)
Does your state conform to the §127 loan-repayment exclusion?
Yes — most states conform
No — California
Your state marginal income tax rate (%)
Free
Employer Student Loan Repayment Tax Benefit Calculator
by Tools Berry