I was reimbursed for my tuition in 2024.
1. 5250 not taxable
2. 14750 Taxed. on my paycheck I received 3 payments throughout the year, and they withheld the taxes on the amounts over 5250.
3. I paid a total of 20,846 for Tuition. the limit from the company was 20,000, so the rest was out of pocket. (Also had to pay the difference from the tax deductions out of pocket.)
On my W-2, none of the tuition reimbursement was included in my income which after reading looks like it may be considered a "fringe benefit"? When filling out the scholarship/grants section, do I include any amount in the "Employer assistance" box?
Thank you!
