I agree with Vanessa A's answer. That said, you should verify with your employer that the entire $7500 is in include in box 1 of your W-2. That is unusual. If the company has a qualified tuition plan, the first $5250 is income tax free and not included in your taxable income. It is subject to social security and medicare tax, so it is usually included in boxes 3 & 5, but not box 1.
