Can i deduct reimbursed tuition

Connect and share knowledge within a single location that is structured and easy to search. I got a T from my school for I pay the amount but at the end of the semester my company reimburses me. All classes have been marked as Job Related. Can I use use this amount in my favor or how is accounted for?

If the employer included the reimbursement in the taxable wages portion of your w2 then you can take a deduction. This is most likely not the case. If the reimbursement is not included in your taxable wages then just leave the off your return.

You are not entitled to any tax benefit because of it. Of course you can't. You've been reimbursed, you can't claim deduction for something you haven't paid. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group. Create a free Team What is Teams?

For each party, the upside is significant. For the employee, these are thousands of tax-free dollars that they get to take home and use for their direct benefit. However, everyone needs to be apprised of the requirements that come with these deductions. The IRS has several rules in place to ensure that this income is spent solely on programs that match certain criteria. Additionally, employees can spend any number of these dollars on school supplies like notebooks and textbooks, but not on long-term assets like laptops and printers that would help with education but be usable long after the studies are complete.

That said, all funding over the magic number are considered to be taxable income by the IRS. If you send an employee to a workshop, conference or seminar, not only can you deduct registration fees, you can also deduct travel, lodging, meals and other expenses related to the business trip.

If your employee is taking a course or courses in person at a local community college or online from an accredited college or university, those are deductible tuition expenses. You can also deduct the expense of textbooks and fees that are necessary for taking the course if you pay for those. Some classes that employees take benefit the employer. For example, you might ask a department head to enroll in a business communications class.

This helps the employee create better memos, reports, proposals, customer letters, emails and other communiques. Some companies offer employees benefits that allow them to take personal development courses that are unrelated to the business. For example, an employee in your IT department might take a nutrition or tennis class.