Upskilling and Retraining Assistance Act

Upskilling and Retraining Assistance Act This bill increaes to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).