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You are just paying for the semester (the part over $5250) via your wages.
There is no "imputed" income. The amount over $5250 may have been sent directly to the school (instead of included in your pay check), but you effectively "received" it and that amount was included in the box 1 amount on your W-2.
Thanks for your response! My employer offers up to $7,000 in education assistance. I requested about $6500 for this semester. $2000 has been deducted from my last two checks under "tuition imputed". $4000 in total. I'm not sure that is what's happening here. I understand anything over $5250 will be taxed but why is so much being deducted? @Hal_Al
You need to ask your employer that question. It can't be answered here.
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