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Employer-Provided Educational Assistance

by Cochran,Robert Lee last modified Mar 11, 2010 10:43 AM

Employer-Provided Educational Assistance

Graduate and professional tuition remission is a limited taxable benefit.  Section 127 of the Internal Revenue Code presently exempts only $5,250.00 per calendar year.  For those employees who exceed this allocation during the spring semester, the respective social security, Medicare, state, and Louisville Metro taxes will be collected through the January, February, March, and April payrolls.  Taxes applicable to the summer term will be collected through the May, June, July, and August payrolls.  Fall semester taxes will be collected through the September, October, November, and December payrolls.  In all instances, the taxable value will be added to federal taxable income; however, no federal taxes will be withheld throughout the calendar tax year.

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Phone: 502-852-6166

Grawemeyer Hall
Room 20
Louisville, Ky. 40292

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Room 101
Louisville, Ky. 40292

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Phone: 502-852-7072

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Louisville, Ky. 40208-1707

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Personnel Services Building
1980 Arthur Street
Louisville, Ky. 40208-1707

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Phone: 502-852-6166

Grawemeyer Hall
Room 20
Louisville, Ky. 40292

 
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