The deduction is equal to the amount by which the tuition payments, less any scholarships, grants, or financial aid received, exceed 25% of the taxpayer's Massachusetts adjusted gross income. Tuition payments for students pursuing graduate degrees are not eligible for the college tuition deduction.
The refunds are not taxable as income at the state level.
Scholarship that is used for tuition is not taxable, but scholarship that is used for living expenses is taxable. Expenses that are considered tuition include all tuition and fees required for enrollment, books, fees, supplies, and equipment for courses of instruction.
The Tuition Remission benefits you, your spouse, or your dependent children receive may be subject to federal income taxes, Massachusetts state income taxes, and FICA taxes.
2005: Quizlet was founded by Andrew Sutherland while he was still in high school. The platform started as a simple online tool to help Sutherland study for his French class. 2007: Quizlet launched its first mobile app, making it more accessible to students on the go.
In the US, 2 in 3 high school students and 1 in 2 college students use Quizlet every month. Over 60 million students, teachers, and everyday people use Quizlet to study any subject imaginable for school, work, or personal interests.
This forced the school board to ban the website for violating students' rights to protected information. This refusal restricts Quizlet from hundreds of students who use and depend on their website, and who were previously protected by contracts.
Quizlet is a powerful study aid, one that can support you in traditional schooling or help you master concepts from an online learning service. We like that you can make your own sets, share them, and find sets from others, too.
Launched in 2005 by Andrew Sutherland, Quizlet has since grown into a valuable resource for studying various subjects through flashcards, quizzes, and games. In 2021, the company was acquired by Mandy Chan, a technology entrepreneur known for her innovative approach to educational technology.
Quizlet Quizlet logo since 2021 show Screenshot Area served 130 countries worldwide Owner Quizlet Inc. Founder(s) Andrew Sutherland8 more rows