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Education
@Hal_Al —
Here is what I received:
They pay the tuition taxes up front and allow us to reimburse them back over a longer period. It is paid for and added to income, on the W2, as a lump sum and is taxed at a lump sum rate of 32.65% for all employees. They pays the taxes when they are due (the semester the courses are taken) and then we pay them back.
I am paying the taxes on the total amount above $5250 to my employer.
February 23, 2023
6:23 PM