Is Tuition Remission considered taxable income?
Whether the Tuition Remission benefit is taxable is based upon the Program in which you or your eligible family member is enrolled, according to IRS regulations. In general, you do not have to pay income tax on Tuition Remission benefits for undergraduate degree programs for yourself, your spouse and your dependent children. However, the value of undergraduate Tuition Remission for your dependent children may be taxable if you have been employed by NYU for less than three years and you earn over $100,000 in a calendar year. This amount may be revised each year by the IRS. Because the IRS does not recognize the tax exemption of benefits extended to domestic partners, all Tuition Remission for registered domestic partners and their dependent children is considered taxable. Under IRS regulations, up to $5,250 per year of graduate Tuition Remission benefits for employees are non-taxable. This means the first $5,250 of your graduate tuition costs will not be taxed. Anything over $5,250 will
