Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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sorry if I didn't clarify but "hourly people" = union...... so I think they are a different ball of wax
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
Well the way I read the language even if it is open to all employees the amount above the $5,250 may be non-taxable as a working condition benefit.
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
afaik it is available to all, but I am not sure if it's available to the hourly people...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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No they don't. Retirement contributions do. If you look at form 1040 it will show you everything that is applicable to AGI. Lines 23 - 35.
http://www.irs.gov/pub/irs-pdf/f1040.pdf
Tone...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
thanks for the help but the tone is unappreciated.
We have a formal agreement, but "plan" I am not sure. I apply to take a class, it's approved, I pay and take it, then am reimbursed based on...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
they don't count towards MAGI? Do retirement contributions?
Tax implications of employer tuition reimbursement
Expired
Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
1) The "$5,250" number has nothing to do with exemptions. It is set by IRC 127, which is the educational assistance code:...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
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I've already been over this with you in your other thread and I covered it in detail. Mortgage interest and property taxes are not applicable. They are a misc itemized deduction using schedule A....
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
13,275 Views
So this MAGI number, please correct me, is gross pay, less healthcare premiums, less retirement contributions (401k, 403b and pension), less FSA contributions then less mortgage interest and property...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
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what I forgot to mention was that in previous years, when asked for tuition paid I would just enter the NET value (what I paid in tuition less reimbursement), which has been $0 usually but also has...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
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Your employer chooses whether or not to pay the tax if they consider it related to your job if my understanding is correct. When I took classes I got a letter from the IRS stating I owed XXXX.XX it...
Tax implications of employer tuition reimbursement
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Thread created 09-23-2011 by Dr. J
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11 Replies
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I utilize a benefit provided by my employer, probably one of only 2 or 3 people in the entire organization - tuition reimbursement. Of course there are conditions and strings attached to the...
