Which of the following statements regarding employer provided educational benefits is true?
A) All graduate tuition expenses are included.
B) Only educational benefits from public universities can be excluded.
C) All undergraduate tuition expenses can be excluded.
D) Up to $5,250 in tuition benefits can be excluded.

Question

Quizplus · Accepted Answer

According to IRS rules, up to $5,250 in educational benefits provided by an employer can be excluded from an employee's income. This exclusion applies to both undergraduate and graduate level courses from any type of educational institution, including public, private, and vocational schools.

Which of the Following Statements Regarding Employer Provided Educational Benefits