Hi Linda,
Yes, the tuition benefit did exceed $5,250. However, this should only apply to tuition benefit for coursework that is not "job-related." Per my employer's policy to receive the benefit, I received this note:
“Under IRS regulations, up to $5,250 per year of graduate Tuition Remission benefits for employees are non-taxable. This means the first $5,250 of your graduate tuition costs will not be taxed. Anything over $5,250 will be considered taxable income, and the tax on the value of the benefit will be withheld from your paycheck. If the graduate level course work is job-related, it will be excluded from taxable income.”
Currently in 2020, I received the same tuition benefit for my schoolwork, but now I am able to claim it as job-related. As a result, I do not have any taxes withheld for the tuition benefit. My main question is if I can retroactively amend my 2018 taxes to have my withheld taxes refunded back to me. I am trying to make the argument that I incorrectly paid taxes in 2018 (and 2019) for coursework that was actually job-related, but was incorrectly claimed as not-job-related.
Thanks!
