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The IRS guideline as I understand it, is the DEGREE must be job related. Obviously a job could be more strict (but likely not less strict) than the IRS. Like,
by brianwawok 5y ago
The IRS guideline as I understand it, is the DEGREE must be job related. Obviously a job could be more strict (but likely not less strict) than the IRS.
Like, basically anyone could expense a business degree. Job related? Doing better at business. But if you are a grocery store stocking shelves, you couldn't submit to the IRS college tuition for say an engineering degree.
But within that, it should be all classes. So if you are a self-taught programmer and going to school for a computer science degree, it's OK there is a class in public speaking or chemistry. As long as the degree itself is for something that you can justify as job related.
* Not a lawyer, hire a pro before offering tuition reimbursement to make sure you don't run afoul with IRS requirements
- syshum 5y agoAlso not a lawyer, but my understanding is that Job Related only applies if you want to deduct the education expenses from your income taxes. Employers can provide up to $5,250 in reimbursement tax free for all qualified programs regardless of the programs relation to the job Over that amount it becomes a fringe benefit subject to income taxation, however if it is job related it can be deducted as an expenses for the employee making it tax free
- spywaregorilla 5y agoIRS requirements would be what you can deduct for offering to employees, not what the employer is required to offer
- brianwawok 5y agoFor sure! But it would be surprising for someone to offer a benefit like this that is taxable, vs offering the tax-deductible version.