CRL2
Returning Member

Education

Hi,

 

Thank you. So to put an example to this.  My tuition costs and I paid to the college $13,250.  My employer pays 100% of the tuition.  $5,250 is exempt, so my understanding is that my W-2 (in box 1) should show an additional $8,000 of income?  Correct?  And I assume that no taxes have been taken out when I get reimbursed (not sure) of this yet?  Correct.

 

Then for my yearly return, my 1098T for says that I paid the college $13,250.  Instead of reporting the full $13,250, I should only report $8,000? or should I report 0$ since the employer paid everything?

 

Thanks again.