Related to this topic, is there a way to claim back imputed income that was withheld by my employer for my education? Here's the scenario. My employer paid approximately $16,000 for my tuition this year. After they hit the $5250 threshold, they started withholding imputed income from my paycheck. I ended up having around $5700 withheld from my paychecks over the course of the year, like so:
Fees paid by employer in calendar year 2020: $21,000
Fees subject to Imputed Income Tax: $21,000 - $5,250 = $15,750
Estimated tax: $15,750 X 36.25% = $5709
Is there any way to claim back all or part of that $5709 which came out of my paychecks? According to a quiz type thing I took on the IRS website, my coursework meets the criteria for "job related." It's not a requirement of my job, but it will help me in my current job and can help me advance. I'm in a graduate program, if that info is helpful as well. Thanks! @Hal_Al
