Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are undergraduate tuition benefits for my dependent children taxable?

0
Posted

Are undergraduate tuition benefits for my dependent children taxable?

0

• If your dependent child does not meet the federal tax law definitions described in policies 407 and 408, the tuition benefits received will be taxable to you as additional income. Your dependent must meet one or the other of the two definitions listed in the Federal Definitions of Dependent Children. You will be asked to verify the tax dependency of your child during the benefit request process.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123