Employer Provided Educational Assistance
Employees can exclude up to $5,250 from their income when their employer helps them pay for the cost of undergraduate and graduate course work. This includes payments for tuition, fees and similar expenses, books, supplies and equipment.
FOR MORE INFORMATION ON EDUCATIONAL TAX AND SAVINGS OPTIONS, VISIT THE FOLLOWING WEB SITES:
- Internal Revenue Service, Publication 970, Tax Benefits for Higher Education www.irs.gov/pub/irs-pdf/p970.pdf
- TCRS Tax Credit Reporting Service http://tcrs.com
- For general information on TRA97 or to view/print a copy of your University of Alabama 1098-T go to www.1098T.com