IreneS
Intuit Alumni

Education

UPDATED FOR TAX YEAR 2019

 

No - not unless they paid more than $5,250

If your employer pays more than $5,250 for educational benefits for you during the year, you must generally pay tax on the amount over $5,250. Your employer should include in your wages (Form W-2, box 1) the amount that you must include in income.

 

[Edited | 4/13/2020 |  10:28 am PDT]

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