I am in a federal retraining program and they are paying for my tuition. Is that tuition reportable income?
No. The federally paid tuition for such a program is not taxable income. However, you cannot use the value of the tuition paid on your behalf as the basis for a federal educational tax credit or deduction.
I am in a federal retraining program and they are paying for my tuition. Is that tuition reportable income?
No. The federally paid tuition for such a program is not taxable income. However, you cannot use the value of the tuition paid on your behalf as the basis for a federal educational tax credit or deduction.
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