ErnieS0
Expert Alumni

Education

No. Since most of your educational assistance was tax-free, paying back your employer will not generate a tax advantage.

 

You would not able to retroactively claim an education credit because you did not pay any tuition. Are are repaying your former employer for tuition assistance. You are not making any payments to a school.

 

The IRS allows you to claim a tax credit or deduction for repayments of $3,000 or more. However, your taxable portion is only $1,350 ($6,600-$5,250).

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