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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:
- Log into TurboTax once signed in, click on the link in step 2
- Navigate to Other Reportable Income
- Select add other income
- Follow the prompts to enter the $4,750 as "Taxable Tuition Assistance from Employer
‎January 27, 2025
9:06 PM