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Employee Tuition Assistance - do I need to report?
I work for a University and started a Graduate program - part of the benefits is tuition assistance. The University covered tuition, which ended up being less than $5,250 but I still paid program fees and received a 1099-T which counts those fees as tuition. Because the amount the University paid for was less than the federal maximum, it didn't get added to my taxable income on my W2. The 1099-T doesn't have the assisted amount listed either, just the additional fees I paid for. Do I need to report the tuition assisted amount?
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‎January 29, 2024
12:47 PM