beckster2001
Junior Member
What is the name of your state? Virginia
My employer reimburses tuition. Anything that is reimbursed over $5,250 is taxed. In 2006 my tuition totalled $11,075. I'm using Turbo Tax to do my taxes. For employer provided assistance (also listed as "tax free assistance received") I entered $5,250. This gave me $5,825 as qualifying education expenses, I believe for the Lifetime Learning Credit. Did I do this correctly?
My employer reimburses tuition. Anything that is reimbursed over $5,250 is taxed. In 2006 my tuition totalled $11,075. I'm using Turbo Tax to do my taxes. For employer provided assistance (also listed as "tax free assistance received") I entered $5,250. This gave me $5,825 as qualifying education expenses, I believe for the Lifetime Learning Credit. Did I do this correctly?