Educational Assistance Policy For Employees In San Antonio
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Texas Administrative Code. Tuition reimbursement provides financial assistance to employees who wish to improve or supplement their knowledge and skills by attending classes at accredited colleges, junior colleges, or universities while pursuing a degree plan.
Limit: The maximum permissible limit under Section 80C of the Income Tax Act 1961 is Rs. 1.5 lakh with deductions eligible only for two children per assessee.
After six months of employment, the Tuition Assistance Program provides limited, non-taxable reimbursement to qualified employees for undergraduate or graduate tuition, books, and required fees. Reimbursement amounts vary based on specific degree program(s).
For the American Opportunity Credit the education credit income limit is as follows: Single, head of household, or qualifying widow(er) — $80,000-$90,000. Married filing jointly — $160,000-$180,000.
Tuition Rebates After Graduation Undergraduate students may be eligible for a tuition rebate of up to $1,000, and students enrolled in the Longhorn Fixed Tuition program are eligible for an additional $2,500 rebate. Below you will find information about the eligibility requirements.
