How to handle tuition reimbursement from multiple employers totaling over $5,250?

[starvin-student]

I am a part-time graduate student and changed jobs in 2023. I paid for my tuition upfront and then after each semester, my employer cut me a check. I received $3,000 from my previous employer after the spring semester and then received $5,000 from my current employer after the fall semester. I paid about $10,000 total in tuition for the year, so the total amount reimbursed is less than the amount I paid. 

Do I need to report the amount in excess of $5,250 as income?

[Vanessa A]

Yes, the amount over the $5,250 would be taxable income.  You can enter this in TurboTax as Other Income by selecting the following:

• Federal
• Income
• Miscellaneous Income under Less Common Income
• Other Income not already reported on a form W-2 or Form 1099
• Walk through the steps to enter the excess of employer provided educational assistance. 

Before you do this, you should verify that it was not included in your W-2 by either employer.