Q. I previously filed for tuition credits on my taxes. I assume that is ok?
A. Yes.
Q. Anything my employer gives me will appear to be tuition reimbursement for 2024?
A. Yes.
Q. Any amount over the $5250 will be taxed as income. Does this sound correct?
A. Yes. The amount over $5250 will be already included in box 1 of your W-2. You do not need to make a separate entry, for the taxable portion, in TurboTax (TT).
Q. I want to make sure there aren't any implications for filing the way I did in the past?
A. There will be no tax implications for you, unless the $5250 tax free part, of the reimbursement, is more than the 2024 tuition. Then there are a couple of ways to handle the "credit recapture" for the previous year(s). See page 27 of IRS Pub 970 and/or page 33 of the form 1040 instructions.
