Imputed Taxes – under what circumstances is the employee required to pay and how?
Tuition benefits are taxable when: For employees only: Internal Revenue allows a maximum of $5,250.00 in tax-free graduate level tuition benefits per calendar year. Any amount issued to the employee in excess of this annual excludible amount is subject to imputed income taxes, unless the course/s is/are directly related to the employee’s position. To declare exemption, the employee must submit course certification documents to the Benefits Administration Department by the following due dates. • Fall Semester- No later than September 10 • Spring Semester- No later than January 15 • Summer Semester- No later than May 26 Please reference the following documents: Faculty and staff: http://www.gwu.edu/~hrs/benefits/tuition/pdfs/Faculty%20and%20Staff%20Certificatio.pdf Research Staff: http://www.gwu.edu/~hrs/benefits/tuition/pdfs/Research%20Personnel%20Certification.pdf When the employee, spouse, common law marriage spouse, domestic partner, and/or dependent child receive a taxable tuition b
