topic Washington State Labor and Industries-Job retraining in Education https://ttlc.intuit.com/community/college-education/discussion/washington-state-labor-and-industries-job-retraining/01/1049062#M24403 <P>Good afternoon,</P><P>&nbsp;</P><P>I went to college in 2019, I was enrolled in May 2019 for the fall semester which started at the beginning of Aug 2019. I will be in college full-time this year 2020 and I am wondering how or if I should add any information to my taxes about it.</P><P>&nbsp;</P><P>I have an amount that Labor and Industries will cover up to (<SPAN>18,660.46) over a two year period that covers any costs associated with retraining/college.&nbsp;Labor and Industries will either cover the cost of something or I am reimbursed for the expense. I have a few questions which are the following:</SPAN></P><UL><LI><SPAN>Do I need to put this information somewhere on my taxes?</SPAN></LI><LI><SPAN>How is that money is classified on my taxes if at all?</SPAN></LI><LI><SPAN>Is it classified as&nbsp;financial aid?</SPAN></LI><LI><SPAN>Do I qualify for any type of deductions being a student?</SPAN></LI><LI><SPAN>Should I request a 1098-T form from my college?&nbsp;</SPAN></LI></UL><P>&nbsp;</P><P><SPAN>If you need any other information to answer the following questions, let me know.</SPAN></P><P>&nbsp;</P><P><SPAN>Thanks,</SPAN></P><P><SPAN>Jonathan</SPAN></P><P>&nbsp;</P><P>&nbsp;</P> Fri, 31 Jan 2020 01:23:28 GMT Jhagglun 2020-01-31T01:23:28Z Washington State Labor and Industries-Job retraining https://ttlc.intuit.com/community/college-education/discussion/washington-state-labor-and-industries-job-retraining/01/1049062#M24403 <P>Good afternoon,</P><P>&nbsp;</P><P>I went to college in 2019, I was enrolled in May 2019 for the fall semester which started at the beginning of Aug 2019. I will be in college full-time this year 2020 and I am wondering how or if I should add any information to my taxes about it.</P><P>&nbsp;</P><P>I have an amount that Labor and Industries will cover up to (<SPAN>18,660.46) over a two year period that covers any costs associated with retraining/college.&nbsp;Labor and Industries will either cover the cost of something or I am reimbursed for the expense. I have a few questions which are the following:</SPAN></P><UL><LI><SPAN>Do I need to put this information somewhere on my taxes?</SPAN></LI><LI><SPAN>How is that money is classified on my taxes if at all?</SPAN></LI><LI><SPAN>Is it classified as&nbsp;financial aid?</SPAN></LI><LI><SPAN>Do I qualify for any type of deductions being a student?</SPAN></LI><LI><SPAN>Should I request a 1098-T form from my college?&nbsp;</SPAN></LI></UL><P>&nbsp;</P><P><SPAN>If you need any other information to answer the following questions, let me know.</SPAN></P><P>&nbsp;</P><P><SPAN>Thanks,</SPAN></P><P><SPAN>Jonathan</SPAN></P><P>&nbsp;</P><P>&nbsp;</P> Fri, 31 Jan 2020 01:23:28 GMT https://ttlc.intuit.com/community/college-education/discussion/washington-state-labor-and-industries-job-retraining/01/1049062#M24403 Jhagglun 2020-01-31T01:23:28Z Re: Washington State Labor and Industries-Job retraining https://ttlc.intuit.com/community/college-education/discussion/re-washington-state-labor-and-industries-job-retraining/01/1055070#M24594 <P>In your situation, it depends on how the Labor Industry reports the payments.&nbsp;</P> <P>Normally an employer can pay up to $ 5,250 tuition and fees and the student does not claim that as income (therefore it is not taxed).</P> <P>The expenses that this pays cannot be used for an education credit by you.&nbsp;</P> <P>&nbsp;</P> <P>If they are paying MORE than the 5,250, the amount over may be reported on your W-2. In that case, the expenses paid with these "now taxable" funds may be used by you as a credit.&nbsp;</P> <P>&nbsp;</P> <P>The main thing you need to know is- <STRONG>if the funds are taxed, you use the expenses. If they are not, you can't.&nbsp;</STRONG></P> <P>&nbsp;</P> <P>There are no tax breaks "just " because you are a student, other than if you need to pay for childcare to attend class, you may be eligible to claim those expenses for the Child and Dependent Care Credit.&nbsp;</P> <P>&nbsp;</P> <P><A href="https://www.irs.gov/pub/irs-pdf/p970.pdf" target="_blank">CLICK HERE to read more about education credits</A></P> Fri, 31 Jan 2020 22:02:41 GMT https://ttlc.intuit.com/community/college-education/discussion/re-washington-state-labor-and-industries-job-retraining/01/1055070#M24594 KrisD15 2020-01-31T22:02:41Z
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topic Washington State Labor and Industries-Job retraining in Education
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https://ttlc.intuit.com/community/college-education/discussion/washington-state-labor-and-industries-job-retraining/01/1049062#M24403
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<P>Good afternoon,</P><P>&nbsp;</P><P>I went to college in 2019, I was enrolled in May 2019 for the fall semester which started at the beginning of Aug 2019. I will be in college full-time this year 2020 and I am wondering how or if I should add any information to my taxes about it.</P><P>&nbsp;</P><P>I have an amount that Labor and Industries will cover up to (<SPAN>18,660.46) over a two year period that covers any costs associated with retraining/college.&nbsp;Labor and Industries will either cover the cost of something or I am reimbursed for the expense. I have a few questions which are the following:</SPAN></P><UL><LI><SPAN>Do I need to put this information somewhere on my taxes?</SPAN></LI><LI><SPAN>How is that money is classified on my taxes if at all?</SPAN></LI><LI><SPAN>Is it classified as&nbsp;financial aid?</SPAN></LI><LI><SPAN>Do I qualify for any type of deductions being a student?</SPAN></LI><LI><SPAN>Should I request a 1098-T form from my college?&nbsp;</SPAN></LI></UL><P>&nbsp;</P><P><SPAN>If you need any other information to answer the following questions, let me know.</SPAN></P><P>&nbsp;</P><P><SPAN>Thanks,</SPAN></P><P><SPAN>Jonathan</SPAN></P><P>&nbsp;</P><P>&nbsp;</P>
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<dc:date>2020-01-31T01:23:28Z</dc:date>
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Washington State Labor and Industries-Job retraining
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https://ttlc.intuit.com/community/college-education/discussion/washington-state-labor-and-industries-job-retraining/01/1049062#M24403
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<P>Good afternoon,</P><P>&nbsp;</P><P>I went to college in 2019, I was enrolled in May 2019 for the fall semester which started at the beginning of Aug 2019. I will be in college full-time this year 2020 and I am wondering how or if I should add any information to my taxes about it.</P><P>&nbsp;</P><P>I have an amount that Labor and Industries will cover up to (<SPAN>18,660.46) over a two year period that covers any costs associated with retraining/college.&nbsp;Labor and Industries will either cover the cost of something or I am reimbursed for the expense. I have a few questions which are the following:</SPAN></P><UL><LI><SPAN>Do I need to put this information somewhere on my taxes?</SPAN></LI><LI><SPAN>How is that money is classified on my taxes if at all?</SPAN></LI><LI><SPAN>Is it classified as&nbsp;financial aid?</SPAN></LI><LI><SPAN>Do I qualify for any type of deductions being a student?</SPAN></LI><LI><SPAN>Should I request a 1098-T form from my college?&nbsp;</SPAN></LI></UL><P>&nbsp;</P><P><SPAN>If you need any other information to answer the following questions, let me know.</SPAN></P><P>&nbsp;</P><P><SPAN>Thanks,</SPAN></P><P><SPAN>Jonathan</SPAN></P><P>&nbsp;</P><P>&nbsp;</P>
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<pubDate>Fri, 31 Jan 2020 01:23:28 GMT</pubDate>
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<dc:creator>Jhagglun</dc:creator>
<dc:date>2020-01-31T01:23:28Z</dc:date>
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Re: Washington State Labor and Industries-Job retraining
</title>
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https://ttlc.intuit.com/community/college-education/discussion/re-washington-state-labor-and-industries-job-retraining/01/1055070#M24594
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<description>
<P>In your situation, it depends on how the Labor Industry reports the payments.&nbsp;</P> <P>Normally an employer can pay up to $ 5,250 tuition and fees and the student does not claim that as income (therefore it is not taxed).</P> <P>The expenses that this pays cannot be used for an education credit by you.&nbsp;</P> <P>&nbsp;</P> <P>If they are paying MORE than the 5,250, the amount over may be reported on your W-2. In that case, the expenses paid with these "now taxable" funds may be used by you as a credit.&nbsp;</P> <P>&nbsp;</P> <P>The main thing you need to know is- <STRONG>if the funds are taxed, you use the expenses. If they are not, you can't.&nbsp;</STRONG></P> <P>&nbsp;</P> <P>There are no tax breaks "just " because you are a student, other than if you need to pay for childcare to attend class, you may be eligible to claim those expenses for the Child and Dependent Care Credit.&nbsp;</P> <P>&nbsp;</P> <P><A href="https://www.irs.gov/pub/irs-pdf/p970.pdf" target="_blank">CLICK HERE to read more about education credits</A></P>
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<pubDate>Fri, 31 Jan 2020 22:02:41 GMT</pubDate>
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https://ttlc.intuit.com/community/college-education/discussion/re-washington-state-labor-and-industries-job-retraining/01/1055070#M24594
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<dc:creator>KrisD15</dc:creator>
<dc:date>2020-01-31T22:02:41Z</dc:date>
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