My employer goes through Guild, which is a third-party company that most employers go through when offering education assistance.
Based on my paystub and W-2, the numbers show that they added $13,000 to my income ($9,000 of tuition and $4,000 tax allowance).
I think I’m gonna do what you said- put $3,750 in box 1 and box 5 of 1098-T. If I were to do that, do I still need to input that I received tax-free tuition assistance from employer? Also, when it asks if the amount was added to my income, what dollar amount do I say….the $3,750?
