Has anyone heard of this program? I saw an ad in this month's HR magazine. It's a voluntary benefit where the employees can purchase personal computers, electronics, and appliances through a 12-month payroll deduction w/o interest or credit check. Since I've been thinking about replacing my home computer, I thought this would be a great program where I can make the payments directly through a payroll deduction. Thanks.

No tax advantages, and it's not a formalized program with IRS or other requriements to meet. It's simply a voluntary employer program where the employer fronts the cash to buy the computer, and then the employee is required to pay the employer back over time via payroll deduction. But, if the employer doesn't offer the program then there's no program for the employee to participate in.