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Old 13th November 2015, 03:02 PM
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Join Date: Aug 2012
Default Tax deduction for executive MBA

Welcome to MBA Forum. This is Tax deduction for executive MBA discussion page. Here you can discuss about Tax deduction for executive MBA in details. Please ask your question about Tax deduction for executive MBA in the quick reply box mention below. Our member will try to answer your question about it as soon as possible. Furthermore, please provide your full details with your question. Your Name, email address, phone numbers, also you education / University in which you are studying. If your question is related to any institution / University / Business School/ Online MBA / Distance MBA or Jobs related to MBA, then mention that in your question as well.
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  #2  
Old 10th March 2018, 11:45 AM
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Default Re: Tax deduction for executive MBA

I need related details for Executive MBA tax savings as per EMBAC, so that I can also have idea about it?
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  #3  
Old 10th March 2018, 11:51 AM
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Join Date: Mar 2013
Default Re: Tax deduction for executive MBA

On your demand I will let you know details of EMBAC, tax savings for students enrolled in Executive MBA.

Here telling you details with an example, so that you can understand well

An Executive MBA student who is married with one child and paying full tuition

Student Salary: $120,000

Spouse Salary: $60,000

Total: $180,000

Tuition: $50,000

Estimated Tax Savings: Between $3,000 $8,000 depending on other deductions

The Tax savings depend on your situation.

For students who do receive employer-paid education benefits, the question of whether the tuition reimbursement is a taxable fringe benefit is an important one.

The Employer-paid education benefits are considered taxable income to the taxpayer if the amount exceeds $5,250 in a year, unless it is considered a working condition fringe benefit, or a benefit that the employee could have deducted if that employee had paid for it.


EMBA Tax Saving details




Address:-
EMBAC
One University Drive
ASBE
Orange, CA 92866

Phone:-
714.628.7334
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