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Education
Hi,
My tuition reimbursement is not included in the figure in Box 1 but it is shown as "Misc. Non Taxable Comp" in the summary section (that light blue area on the top right section of the page).
It is shown like this:
Wages,Tips, other Compensation (Box 1 of W-2)
Gross Pay 45,000
Less (Misc. Non Taxable Comp). 1,000
Less ( 414(h) ) 3,000
Less (Other Cafe 125) 2,500
Reported W-2 Wages 38,500 (which is also the amount in Box 1)
And Turbo Tax says, under the Scholarships/Grants (for all schools) section:
Did You Receive a Scholarship or Grant in 2020?
-Fellowship
-Employer-provided assistance
-Veteran education benefits
-Other tax-free assistance
Yes
No
And when I choose "NO", nothing happens but when I choose "YES", then it says:
Enter the amount you received.Don't include amounts already listed on a W-2 or other tax form.
Other Scholarships/Grants/Fellowships: _______
Veterans' Education Benefits or certain Indian Tribal Payments: _______
Employer-Provided Assistance: _______
Now, do include the $1,000 above next to "Employer-provided assistance" if I answered "YES" to the first question?
Thanks.