For the employer tuition assistance, I think the max amount is $5,150 and any amount after that has to be included on your W-2.
Most think that if it's under that amount and not on their W-2, then the IRS won't know about it and believe they can get away with "double dipping" by claiming qualified expenses paid with other monies. Not so fast, While it may not be on our W-2, the employer does still report it to the IRS on their own business tax return. So that means that while things may seem to work out at first, when the IRS does their reconciliations upon the completion of the tax filing season, they'll catch it anywhere from 24- to 36 months down the road after you've filed. Then along with the back taxes you'll pay to the IRS, add to that the interest that's been accumulating, along with any fines and penalties that may be assessed. So it's not worth it. What you may "save" up front, you will lose much more of down the road.
