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An employer-provided education or tuition assistance program can be a valuable fringe benefit. You can exclude up to $5,250 of employer-provided education assistance from your income.
Educational assistance is payment by an employer of education expenses incurred by an employee. It includes, but isn’t limited to:
An educational assistance plan can also include employer-provided instructional courses and expenses, like:
Educational assistance doesn't include providing or paying for these items:
Your total education benefits might be more than $5,250. If so, the exclusion applies to the first $5,250 in benefits you receive during the year.
If you received education benefits not covered by this provision, you might be able to exclude them as job-related educational expenses. To qualify, the course must:
If you'd like to learn more, see Publication 970: Tax Benefits for Education at www.irs.gov.