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Level 2
November 5, 2019
Solved

Tuition Reimbursement above $5250

  • November 5, 2019
  • 1 reply
  • 0 views

I know you can claim tuition reimbursement above $5250 as a fringe benefit if it is related to your job, but I am not sure how to do so. Is this something my employer would have to designate or something I do while filing taxes?

    Best answer by IsabellaG

    No, there's no way for you, the employee, to claim a fringe benefit deduction on your tax return. The employer reduces your W-2 wages by the amount of any allowable fringe benefits.

     

    To clarify: if your employer reimburses you for tuition, up to $5250 can be excluded from your wages by your employer as a fringe benefit, so it doesn't show up on your W-2. If you are reimbursed more than that, the excess is included in your W-2, unless it's considered a working condition benefit. The link that @Anonymous_ provided gives an explanation. 

     

    The current tax law doesn't allow deductions for employee business expenses, so employees who spend their own money for things like job-related car expenses, travel, education, or tools get no deduction at all.

    1 reply

    Level 15
    November 6, 2019

    Please refer to the following IRS web site (link below).

     

    https://www.irs.gov/publications/p15b#en_US_2019_publink1000193671

    za369Author
    Level 2
    November 13, 2019

    So it looks like this would be the employer that does it? What if it the employer does not do this? Is there any way to claim it as a fringe benefit after the fact?

    IsabellaG
    IsabellaGAnswer
    Level 13
    November 14, 2019

    No, there's no way for you, the employee, to claim a fringe benefit deduction on your tax return. The employer reduces your W-2 wages by the amount of any allowable fringe benefits.

     

    To clarify: if your employer reimburses you for tuition, up to $5250 can be excluded from your wages by your employer as a fringe benefit, so it doesn't show up on your W-2. If you are reimbursed more than that, the excess is included in your W-2, unless it's considered a working condition benefit. The link that @Anonymous_ provided gives an explanation. 

     

    The current tax law doesn't allow deductions for employee business expenses, so employees who spend their own money for things like job-related car expenses, travel, education, or tools get no deduction at all.

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