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Intern
Joined: 30 Mar 2011
Posts: 48
Schools: Virginia Tech
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MBA Tax Deductable/Employer Assistance? [#permalink]
 12 Aug 2011, 11:57
So this semester, my tuition is $8096.50. My employer is paying $6000 and I am on the hook for the remaining $2096.50. How do I write this off on my taxes?
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Manager
Joined: 25 Jun 2008
Posts: 127
Concentration: General Management, Technology
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Re: MBA Tax Deductable/Employer Assistance? [#permalink]
12 Aug 2011, 18:31
My employer treats this type of income as taxable and it will show up on my W2. The only exception to this is if the MBA classes are a requirement to do my job. As I want to complete an MBA program to move up the corporate ladder, it is not a requirement and therefore it is taxable.
Perhaps your company handles the tax portion differently.
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Founder
Status: Traveling...
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Location: United States (WA)
GMAT 1: 750 Q49 V42
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Re: MBA Tax Deductable/Employer Assistance? [#permalink]
12 Aug 2011, 19:56
You probably want to read this thread: mba-tuition-can-be-tax-deductible-keep-an-eye-on-it-88954.htmlAnd I suggest you continue the discussion there. I will lock this thread.
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Re: MBA Tax Deductable/Employer Assistance?
[#permalink]
12 Aug 2011, 19:56
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