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Author: pmarti Big funky green star, 20000 posts Home Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 123486  
Subject: Re: 1098-T Tuition Payments Statement Date: 2/28/2000 8:13 AM
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<< I got a 1098-T Tuition Payments Statement showing tuition was paid by my employer to a local university for a graduate-level class over the past year. It was a work-related and work-sponsored program, but I am not considered a degree candidate. Is anyone familiar with this, and do I have to include this as income? IRS's info on this seems sparce. >>

The 1098-T is information that might be useful for one who is claiming one of the education credits. It does not create taxable income for you.

If the employer-paid tuition was taxable to you, it is included in your W-2 wages. If it was taxable to you, your tuition payment is a qualifying expense for the lifetime learning credit. See the FAQ or IRS Publication 970 for more information about the credit.

Phil Marti
Tax Preparer
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