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Employee tuition waiver for graduate studies taxable?
I received a full-time employee tuition waiver for my graduate studies at my college. The full amount of the waiver is shown in box 5 of the 1098-T. TurboTax reduces my returns when I enter this information. Shouldn't this waiver be tax-free since it's under the $5250 threshold for I.R.C. § 127(a)? What should I do?
January 30, 2020
7:27 PM