Tuition Assistance Programs

Today TaxMama hears from Mike in the TaxQuips Forum, with a terrific question.
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Mike says, “My employer has asked me to look into finding out what is necessary to create a Tuition Assistance Program.  I read through Pub 970, and all I could find was that I needed to have the agreement in writing.
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What I can’t seem to find is what exactly is needed in writing, and if there is anything else we need to do to get one started. Also I see that that money doesn’t need to be reported as income for the employee, so then what does the employer deduct the expense as?
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Hi Mike,

 It’s a terrific benefit for employees.  Good idea! Then there’s the paperwork.

 Here are your options: 

1) You could write up a program yourself.

2) You could find someone else’s program and copy their document.
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3) You could search around on the web to see if there is a boilerplate document.

4) You could have someone else provide a customized boilerplate document.

I found these three services that might suit you. Don’t know ANYTHING about them.

Scholarship Management Services

 How is the deduction taken?  As an employee benefit.  You can see that line on partnership and corporation tax returns on page 1 of the return.

And remember, you can find answers to all kinds of questions employee benefits, and other tax issues, free. Where? Where else? At

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