How much can employees exclude from their annual gross income for educational assistance programs? (Educational Assistance Programs)

Question

Quizplus · Accepted Answer

Employees can exclude up to $5,250 from their annual gross income for educational assistance programs, which can include tuition, fees, books, and supplies for undergraduate and graduate courses. This exclusion applies to both employer-provided educational assistance programs and direct payment of educational expenses by employers. However, any amount received above $5,250 must be included in the employee's gross income.

How Much Can Employees Exclude from Their Annual Gross Income