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FAQs

Are graduate tuition reduction amounts considered taxable income?
Beginning in 2002, graduate tuition reduction amounts up to $5250 in a calendar year are not taxable to the employee, provided they are used only by the employee (not a family member), under Internal Revenue Code (IRC)127. This change was effective winter term 2002, as a result of the passage of EGTRRA (the Economic Growth and Tax Relief Reconciliation Act of 2001).