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Some employers offer education or tuition-assistance programs. These can be a valuable fringe benefit. You can exclude up to $5,250 of this education assistance from your income.
Typically, these are payments by an employer for your education expenses. The expenses can include but:
An educational assistance plan can also include employer-provided:
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.
Some employees receive education benefits not covered by this provision. So, you might be able to exclude them as job-related educational expenses. To qualify, the course must:
To learn more, see Publication 970: Tax Benefits for Education at www.irs.gov.