Employee Educational Assistance Act of 1985
Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.
Employee Educational Assistance Act of 1985 - Amends the Internal Revenue Code to extend indefinitely the income tax exclusion for employee educational assistance programs. (Present law terminates such exclusion as of December 31, 1985.)
Limits the maximum amount of such exclusion (beginning in 1986) to $5,000 of amounts paid or expenses incurred for educational assistance furnished to an employee during a calendar year. Exempts graduate students engaged in teaching or research activities from such maximum limit. Provides for annual cost-of-living adjustments in such maximum limit beginning in 1987.
Committee on Finance requested executive comment from OMB, Treasury Department, Education Department.
Cite this page
U.S. Congress. (2026). S. 558: Employee Educational Assistance Act of 1985. 99th Congress. Open America. https://openamerica.io/bill/99-S-558/
"S. 558: Employee Educational Assistance Act of 1985." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-558/.
S. 558, 99th Cong. (2026), https://openamerica.io/bill/99-S-558/.
[S. 558: Employee Educational Assistance Act of 1985](https://openamerica.io/bill/99-S-558/)