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April 11, 2025
Question

Employer Dependent College Tuition

  • April 11, 2025
  • 1 reply
  • 0 views

I work for a university which pays for my daughter's full tuition.  Box 5 of 1098-T is greater than Box 1 of that same form.  How do I answer the TurboTax question of

Did you receive any of the following tax-free benefits last year:  

GI Bill benefits

Veterans' Benefity

Tax-free employer provided assistance

 

Do I say Yes or No?  I am confused here

    1 reply

    Hal_Al
    Employee
    April 11, 2025

    Answer no, if the amount provided is fully reported in box 5 of the 1098-T.

    Otherwise answer yes, so that you can enter the additional amounts.