topic Tuition reimbursement from my employer for Classes taken in 2017. in Education https://ttlc.intuit.com/community/college-education/discussion/tuition-reimbursement-from-my-employer-for-classes-taken-in-2017/01/379880#M10163 <P>My employer is going to partially reimburse the tuition for classes I took in 2017 in January 2018 pay stub. I paid $3395 for my tuition and my employer is going to reimburse $2376.50. How do I enter my 1098-T?</P> Tue, 04 Jun 2019 00:45:06 GMT Max5 2019-06-04T00:45:06Z Tuition reimbursement from my employer for Classes taken in 2017. https://ttlc.intuit.com/community/college-education/discussion/tuition-reimbursement-from-my-employer-for-classes-taken-in-2017/01/379880#M10163 <P>My employer is going to partially reimburse the tuition for classes I took in 2017 in January 2018 pay stub. I paid $3395 for my tuition and my employer is going to reimburse $2376.50. How do I enter my 1098-T?</P> Tue, 04 Jun 2019 00:45:06 GMT https://ttlc.intuit.com/community/college-education/discussion/tuition-reimbursement-from-my-employer-for-classes-taken-in-2017/01/379880#M10163 Max5 2019-06-04T00:45:06Z It depends on whether the reimbursement will be taxable o... https://ttlc.intuit.com/community/college-education/discussion/it-depends-on-whether-the-reimbursement-will-be-taxable-o/01/379883#M10164 It depends on whether the reimbursement will be taxable or tax-free. Tue, 04 Jun 2019 00:45:08 GMT https://ttlc.intuit.com/community/college-education/discussion/it-depends-on-whether-the-reimbursement-will-be-taxable-o/01/379883#M10164 Opus 17 2019-06-04T00:45:08Z On my w2 it is not taxable. https://ttlc.intuit.com/community/college-education/discussion/on-my-w2-it-is-not-taxable/01/379884#M10165 On my w2 it is not taxable. Tue, 04 Jun 2019 00:45:09 GMT https://ttlc.intuit.com/community/college-education/discussion/on-my-w2-it-is-not-taxable/01/379884#M10165 Max5 2019-06-04T00:45:09Z You will need to enter your employer's reimbursment in Tu... https://ttlc.intuit.com/community/college-education/discussion/you-will-need-to-enter-your-employer-s-reimbursment-in-tu/01/379886#M10166 You will need to enter your employer's reimbursment in TurboTax under Education Summary, then select Scholarships and Grants. That will adjust your credit.&nbsp;&nbsp;Enter your 1098-T information exactly as it is. Tue, 04 Jun 2019 00:45:11 GMT https://ttlc.intuit.com/community/college-education/discussion/you-will-need-to-enter-your-employer-s-reimbursment-in-tu/01/379886#M10166 CathiM 2019-06-04T00:45:11Z Because the reimbursement is not until 2018, you could cl... https://ttlc.intuit.com/community/college-education/discussion/because-the-reimbursement-is-not-until-2018-you-could-cl/01/379888#M10167 <P>Because the reimbursement is not until 2018, you could claim $3395 as the tuition you paid in 2017. &nbsp;However, that will make the reimbursement taxable in 2018. &nbsp;The simpler thing to do is reduce the tuition you paid by the reimbursement you expect and claim the remainder for credit in 2017. &nbsp;That way, no future adjustments or corrections will be needed. &nbsp;</P> Tue, 04 Jun 2019 00:45:12 GMT https://ttlc.intuit.com/community/college-education/discussion/because-the-reimbursement-is-not-until-2018-you-could-cl/01/379888#M10167 Opus 17 2019-06-04T00:45:12Z But my employer will show the tuition reimbursement on 20... https://ttlc.intuit.com/community/college-education/discussion/but-my-employer-will-show-the-tuition-reimbursement-on-20/01/379891#M10168 But my employer will show the tuition reimbursement on 2018 W2. At that time what should I do? Tue, 04 Jun 2019 00:45:14 GMT https://ttlc.intuit.com/community/college-education/discussion/but-my-employer-will-show-the-tuition-reimbursement-on-20/01/379891#M10168 Max5 2019-06-04T00:45:14Z You said the reimbursement will not be taxable, that mean... https://ttlc.intuit.com/community/college-education/discussion/you-said-the-reimbursement-will-not-be-taxable-that-mean/01/379894#M10169 You said the reimbursement will not be taxable, that means it won't be on your W-2, or will only be in box 14 which is for information only and has no affect on your tax return. Tue, 04 Jun 2019 00:45:15 GMT https://ttlc.intuit.com/community/college-education/discussion/you-said-the-reimbursement-will-not-be-taxable-that-mean/01/379894#M10169 Opus 17 2019-06-04T00:45:15Z Your employer does not have to include the tuition reimbu... https://ttlc.intuit.com/community/college-education/discussion/your-employer-does-not-have-to-include-the-tuition-reimbu/01/379896#M10170 <P>Your employer does not have to include the tuition reimbursement in your pay stub. This is as long as you are not a highly compensated employee (meaning a 5% owner or earned $120,000 in the previous year). See IRS guidance:&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/p15b.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p15b.pdf</A></P><P>You will need to enter the employer reimbursement in TurboTax under the <B>Education Summary</B>&nbsp;section, select&nbsp; <B>Scholarship and Grant, Employer Assistance</B> is on the next page.<B> &nbsp;</B>This will adjust your education credit.</P><P><B>It will not affect your 1098-T.</B>&nbsp; That comes from your school and does not take into account employer educational assistance.<BR /></P><P>Your employer can use the tuition reimbursement as a business deduction up to $5,250.&nbsp; Over that amount it must be included in your wages.</P><P>[Edited 01/17/18 | 6:18 pm]</P> Tue, 04 Jun 2019 00:45:17 GMT https://ttlc.intuit.com/community/college-education/discussion/your-employer-does-not-have-to-include-the-tuition-reimbu/01/379896#M10170 CathiM 2019-06-04T00:45:17Z
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topic Tuition reimbursement from my employer for Classes taken in 2017. in Education
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https://ttlc.intuit.com/community/college-education/discussion/tuition-reimbursement-from-my-employer-for-classes-taken-in-2017/01/379880#M10163
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<P>My employer is going to partially reimburse the tuition for classes I took in 2017 in January 2018 pay stub. I paid $3395 for my tuition and my employer is going to reimburse $2376.50. How do I enter my 1098-T?</P>
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<pubDate>Tue, 04 Jun 2019 00:45:06 GMT</pubDate>
<dc:creator>Max5</dc:creator>
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Tuition reimbursement from my employer for Classes taken in 2017.
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https://ttlc.intuit.com/community/college-education/discussion/tuition-reimbursement-from-my-employer-for-classes-taken-in-2017/01/379880#M10163
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<P>My employer is going to partially reimburse the tuition for classes I took in 2017 in January 2018 pay stub. I paid $3395 for my tuition and my employer is going to reimburse $2376.50. How do I enter my 1098-T?</P>
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It depends on whether the reimbursement will be taxable o...
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https://ttlc.intuit.com/community/college-education/discussion/it-depends-on-whether-the-reimbursement-will-be-taxable-o/01/379883#M10164
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It depends on whether the reimbursement will be taxable or tax-free.
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<pubDate>Tue, 04 Jun 2019 00:45:08 GMT</pubDate>
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https://ttlc.intuit.com/community/college-education/discussion/it-depends-on-whether-the-reimbursement-will-be-taxable-o/01/379883#M10164
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<title>On my w2 it is not taxable.</title>
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https://ttlc.intuit.com/community/college-education/discussion/on-my-w2-it-is-not-taxable/01/379884#M10165
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<description>On my w2 it is not taxable.</description>
<pubDate>Tue, 04 Jun 2019 00:45:09 GMT</pubDate>
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https://ttlc.intuit.com/community/college-education/discussion/on-my-w2-it-is-not-taxable/01/379884#M10165
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<dc:creator>Max5</dc:creator>
<dc:date>2019-06-04T00:45:09Z</dc:date>
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<title>
You will need to enter your employer's reimbursment in Tu...
</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/you-will-need-to-enter-your-employer-s-reimbursment-in-tu/01/379886#M10166
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You will need to enter your employer's reimbursment in TurboTax under Education Summary, then select Scholarships and Grants. That will adjust your credit.&nbsp;&nbsp;Enter your 1098-T information exactly as it is.
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<pubDate>Tue, 04 Jun 2019 00:45:11 GMT</pubDate>
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<dc:creator>CathiM</dc:creator>
<dc:date>2019-06-04T00:45:11Z</dc:date>
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Because the reimbursement is not until 2018, you could cl...
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<link>
https://ttlc.intuit.com/community/college-education/discussion/because-the-reimbursement-is-not-until-2018-you-could-cl/01/379888#M10167
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<P>Because the reimbursement is not until 2018, you could claim $3395 as the tuition you paid in 2017. &nbsp;However, that will make the reimbursement taxable in 2018. &nbsp;The simpler thing to do is reduce the tuition you paid by the reimbursement you expect and claim the remainder for credit in 2017. &nbsp;That way, no future adjustments or corrections will be needed. &nbsp;</P>
</description>
<pubDate>Tue, 04 Jun 2019 00:45:12 GMT</pubDate>
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https://ttlc.intuit.com/community/college-education/discussion/because-the-reimbursement-is-not-until-2018-you-could-cl/01/379888#M10167
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<dc:creator>Opus 17</dc:creator>
<dc:date>2019-06-04T00:45:12Z</dc:date>
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But my employer will show the tuition reimbursement on 20...
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<link>
https://ttlc.intuit.com/community/college-education/discussion/but-my-employer-will-show-the-tuition-reimbursement-on-20/01/379891#M10168
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But my employer will show the tuition reimbursement on 2018 W2. At that time what should I do?
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<pubDate>Tue, 04 Jun 2019 00:45:14 GMT</pubDate>
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<dc:date>2019-06-04T00:45:14Z</dc:date>
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You said the reimbursement will not be taxable, that mean...
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https://ttlc.intuit.com/community/college-education/discussion/you-said-the-reimbursement-will-not-be-taxable-that-mean/01/379894#M10169
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<description>
You said the reimbursement will not be taxable, that means it won't be on your W-2, or will only be in box 14 which is for information only and has no affect on your tax return.
</description>
<pubDate>Tue, 04 Jun 2019 00:45:15 GMT</pubDate>
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https://ttlc.intuit.com/community/college-education/discussion/you-said-the-reimbursement-will-not-be-taxable-that-mean/01/379894#M10169
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<dc:creator>Opus 17</dc:creator>
<dc:date>2019-06-04T00:45:15Z</dc:date>
</item>
<item>
<title>
Your employer does not have to include the tuition reimbu...
</title>
<link>
https://ttlc.intuit.com/community/college-education/discussion/your-employer-does-not-have-to-include-the-tuition-reimbu/01/379896#M10170
</link>
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<P>Your employer does not have to include the tuition reimbursement in your pay stub. This is as long as you are not a highly compensated employee (meaning a 5% owner or earned $120,000 in the previous year). See IRS guidance:&nbsp;<A href="https://www.irs.gov/pub/irs-pdf/p15b.pdf" rel="nofollow" target="_blank">https://www.irs.gov/pub/irs-pdf/p15b.pdf</A></P><P>You will need to enter the employer reimbursement in TurboTax under the <B>Education Summary</B>&nbsp;section, select&nbsp; <B>Scholarship and Grant, Employer Assistance</B> is on the next page.<B> &nbsp;</B>This will adjust your education credit.</P><P><B>It will not affect your 1098-T.</B>&nbsp; That comes from your school and does not take into account employer educational assistance.<BR /></P><P>Your employer can use the tuition reimbursement as a business deduction up to $5,250.&nbsp; Over that amount it must be included in your wages.</P><P>[Edited 01/17/18 | 6:18 pm]</P>
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