Biz Write-Offs LogoBiz Write-Offs

Tuition assistance for employees

Up to $5,250/employee

Can You Write Off Tuition Assistance for Employees?

Short answer: Yes: a written educational assistance plan lets you give up to $5,250 per employee tax-free and deduct it.

Above $5,250, it's taxable unless it's a working-condition fringe tied to the current job.

Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.