Payments for job-related educational assistance continue to be excludable.
Refer to Payroll Bulletin No. 286 for an explanation.
The $5,250 exclusion for non-job-related undergraduate education courses remains in effect for 2001. Non-job-related undergraduate assistance payments in excess of $5,250 must be reported to PaySR.
There is no exclusion for non-job-related graduate level courses for 2001. Therefore, payments for non-job-related graduate level courses made in 2001 must be reported to PaySR for wage reporting and withholding.