turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

If you received TAX FREE tuition assistance you will not report it on a tax return at all since it is a TAX FREE perk. 

View solution in original post

4 Replies

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

If you received TAX FREE tuition assistance you will not report it on a tax return at all since it is a TAX FREE perk. 

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

When you are going to school you do have to include that you recieved Employer Provided Assistance for school this way Turbo Tax knows how much they can give you for tution credit.

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

In the education section enter the benefits in the year the assistance was meant to pay so it belongs on 2017.

I received taxed free education assistance from my job on 12/30/16 the funds were for school that started in 1/ 2017. Do I claim this money on my 2016 or 2017 taxes?

Okay, Thank you.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies