Do I pay taxes on tuition not covered by my company?

by Jennifer L. Romberger, CPA | Jun 24, 2016
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I am being sponsored by my company for my MBA. The company pays the school directly (not in my W2), and the school bill is an all-inclusive tuition that includes qualifying tuition, books, housing, and food. When I received my 1098-T, it listed out the qualifying tuition and the nonqualifying. Do I need to pay taxes on the nonqualifying tuition?

No, you will not need to pay taxes on the nonqualifying tuition that’s listed on your 1098-T.

Answered by: Jennifer L. Romberger, CPA, EA, is with Long Financial Group Inc. in Blue Bell, Pa.
 
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