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How much would I be taxed for excess tuition assistance?
I read online that any amount of tuition assistance over $5250 is taxable. I am trying to figure out the amount I was taxed since I had to pay my employer back. If tuition was $20k, the taxable amount would be 20k - 5250 = 14,750. Question is if I live in California, what tax rate would I multiply by to get the amount I paid in taxes?
March 27, 2023
7:48 PM