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I am a little confused about this part of the new tax bill just signed...

Employer-provided educational assistance: The law allows for a $5,250 tax break for graduate studies beginning in 2002. Currently only undergraduate courses qualify for this tax-free benefit.

I received reimbursement from my company for graduate courses last year but don't recall paying taxes on it. Is it that reimbursesment taxable as income?
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Graduate courses are tax free under old law if they advance your current profession. For example, as a CPA I can take graduate tax courses and not be penalized. But I can't take graduate law courses with the idea of qualifying to be a lawyer, even though law courses advance my profession. It's because the courses qualify me for a new profession.

If it was taxable, your company should have put it on your W-2. Since they didn't, I wouldn't worry about it.
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