#reimbursement

Taxes on Tuition Reimbursement, How to minimize?

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Taxes on Tuition Reimbursement, How to minimize? I work for a public university and am using my tuition benefit so that my wife can get her Masters. The benefit is a 50% discount on Tuition so this means it’s adding $9885 to my taxable income as a taxable tuition benefit. I make just under 56k annually, and am paid monthly and so this currently works out to about an additional $300 withheld …

Reddit Personal Finance 729 2024-11-05

Tuition reimbursement repayment within same tax/calendar year

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Tuition reimbursement repayment within same tax/calendar year My previous employer provided $10k tuition reimbursement which I got paid in July of this year (2023). It was paid out per the current tax code with $5,250 pre-tax, the remainder taxed. After starting a new job, I’ll need to repay this amount (August, 2023). How can I ensure that I receive a tax credit for the $4,750 that was taxed? Should my pr…

Reddit Personal Finance 238 2023-08-23