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Old 05-31-2016, 11:30 PM
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tuition

If a company pays tuition for a potential employee, are there tax benefits to the company?



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Old 06-01-2016, 08:02 PM
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it depends; The irs allows an employer to deduct tuition reimbursement paid to an employee the employer can deduct up to $5,250 of educational assistance provided to each employee during the year. This contribution does not have to be reported as employee earnings on your W2; if it is then you can claim the expense.

If the reimbursements were included in your taxable income, then you do not need to reduce your qualified education expenses by the reimbursed amounts.

If all your education expenses were fully reimbursed with non-taxable income, then you would not qualify for the education tax credits and you do not need to enter your Form 1098-T.



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