SabrinaD2
Expert Alumni

Education

The IRS may can allow up to $5,250 of employer-provided educational assistance to be tax-free annually. The remaining $4,750 is taxable income since it exceeds the exclusion limit and must be reported on your tax return.

 

Where to Report in TurboTax:

  1. Log into TurboTax once signed in, click on the link in step 2
  2. Navigate to Other Reportable Income
  3. Select add other income
  4. Follow the prompts to enter the $4,750 as "Taxable Tuition Assistance from Employer