Employer Provided Education Assistance

If you receive educational assistance benefits from your employer under an educational assistance program, you can exclude up to $5,250 of those benefits each year. This means your employer should not include the benefits with your wages, tips, and other compensation shown in box 1 of your Form W-2. This also means that you do not have to include the benefits on your income tax return.

You cannot use any of the tax-free education expenses paid for by your employer as the basis for any other deduction or credit, including the federal Hope credit and the lifetime learning credit.

Click here for additional details from the IRS website about Employer Provided Education Assistance.

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Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Tax Savings Federal Hope Credit Lifetime Learning Credit Student Loan Interest Deduction Employer Provided Education Assistance Higher Education Expense Deduction Loan Programs Tools & Calculators Publications & Forms Ask an Expert	Employer Provided Education Assistance If you receive educational assistance benefits from your employer under an educational assistance program, you can exclude up to $5,250 of those benefits each year. This means your employer should not include the benefits with your wages, tips, and other compensation shown in box 1 of your Form W-2. This also means that you do not have to include the benefits on your income tax return. You cannot use any of the tax-free education expenses paid for by your employer as the basis for any other deduction or credit, including the federal Hope credit and the lifetime learning credit. Click here for additional details from the IRS website about Employer Provided Education Assistance.
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