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Education
Q. So, if I have multiple employers and I'm thus eligible for over $5,250 of tuition reimbursement, can I still collect the amount exceeding $5250, and that amount would just be taxed?
A. Yes. "If the employee has multiple employers, the benefit cannot exceed $5,250 per calendar year for all employers combined." Reference: https://www.connectyourcare.com/blog/tuition-reimbursement-benefits-employers/
See above for how to enter the excess, as taxable income. It is "other income" and goes on line 8z of Schedule 1, not scholarship (line 8r).
‎August 10, 2023
6:19 AM