The new 2019 legislative lesson adjourned in the Summer, as well as that point, S.B. 435 had been referred to brand new Panel towards Finance, Cash and you may Connecting, in which it does are till the second concept (convening inside February). The federal bills haven’t advanced meaningfully since our very own Get thirteen blog post, even if another type of and you will guaranteeing bill, S. 2962, themed the greater Education loan Percentage and you will Enhanced Senior years (HELPER) Work, are lead by the You.S. Senator Rand Paul with the December dos.

You to bill, when the passed towards the law, allows getting income tax-100 % free distributions out of an effective 401(k) otherwise IRA to repay student education loans

But in this season away from offering, we wanted to share you to related Connecticut expenses one to performed succeed in is rules and certainly will render, beginning with the 2022 income tax 12 months, a restricted Connecticut Company Tax credit so you can businesses and make student loan payments on behalf of teams. The credit is only readily available for costs to your figuratively speaking one was indeed approved from the, otherwise refinanced using, this new Connecticut Advanced schooling Extra Loan Authority (CHESLA). Continue reading