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Tax deduction for executive MBA |
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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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