Settlement

Some portion of the employee's education that is covered by the employer may be considered taxable by the IRS.

Our software is configured to apply the taxation rules, as interpreted by your Organization, to the employee approval process for tuition assistance. MyEdAssist tracks the taxable portion of the employee's educational expenditures, and provides settlement reports to the Employer's finance office.

In addition, the software tracks employee grades, tuition assistance caps, and all educational expenditures purchased through MyEdAssist. See our reporting functionality for more information on the payment tracking features.