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Employers may provide up to $5,250 of tax-free educational
benefits annually for each employee for undergraduate or graduate
coursework, regardless of whether the education is job-related.
Neither the Hope Scholarship nor the Lifetime Learning tax credits
may be claimed by the employee for the year that the student
receives Employee-Provided Educational Assistance.
Employers offering tax-free educational assistance are
required to have a written plan describing the benefit and the terms
under which it is available. Check with your employer to find out if
this benefit is available at your workplace.
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