How to handle tuition reimbursement from multiple employers totaling over $5,250?

Forum|Forum|2 years ago
January 29, 2024
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I am a part-time graduate student and changed jobs in 2023. I paid for my tuition upfront and then after each semester, my employer cut me a check. I received $3,000 from my previous employer after the spring semester and then received $5,000 from my current employer after the fall semester. I paid about $10,000 total in tuition for the year, so the total amount reimbursed is less than the amount I paid.

Do I need to report the amount in excess of $5,250 as income?

Not A Product Question

Vanessa A

Yes, the amount over the $5,250 would be taxable income. You can enter this in TurboTax as Other Income by selecting the following:

Federal
Income
Miscellaneous Income under Less Common Income
Other Income not already reported on a form W-2 or Form 1099
Walk through the steps to enter the excess of employer provided educational assistance.

Before you do this, you should verify that it was not included in your W-2 by either employer.

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