1867532
You'll need to sign in or create an account to connect with an expert.
No, if your employer reimburses your tuition, you had no out-of-pocket education expense and cannot claim the Lifetime Learning credit.
It's a little complicated. There's pre tax reimbursement and after tax reimbursement.
By law your employer can only give you $5250 maximum, tax free. If your tuition was less than that, and you employer reimbursed it all; it’s safe to assume you cannot claim a credit. You do not even need to enter your 1098-T. You have nothing to claim.
If you got more than $5250, the amount above $5250 is usually already included in box 1 of your w-2. Since you have essentially paid tax on that part, it is considered your after tax money and that amount can be used to claim the tuition credit.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ldlicardi
New Member
00-t-burke
New Member
herobrine97
New Member
in Education
aofigueroa117
New Member
in Education
MK29SD
New Member
in Education