For purposes of determining whether an employee fringe benefit is taxable to the employee, the same rules apply whether the employers are tax-exempt organizations or private sector businesses. If the employer has an educational assistance plan, then reimbursements up to $5,250 for any higher education costs are tax free. If the reimbursements are for courses that are job related, there is no dollar limit on the tax-free benefit.
Retirement plan set up by a self-employed person, providing tax-deductible contributions, tax-free income accumulations until withdrawal, and favorable averaging for qualifying lump-sum distributions.