Courtesy Scholarship

Tools and Resources



IMPACT ON TAXES


The taxability of the educational assistance is determined by federal regulations and is subject to change. Currently, up to $5,250 of educational assistance provided to an employee is not included in taxable income. Amounts above $5,250 are included in taxable income, and FICA is withheld. You should consult your personal tax advisor with regard to the impact of educational assistance on your personal income and taxes.