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-   -   Tax for the taxable amount that in access of $5250 tuition remission (https://www.askmehelpdesk.com/showthread.php?t=734763)

  • Feb 17, 2013, 09:46 PM
    flymanansh
    Tax for the taxable amount that in access of $5250 tuition remission
    Say the total tuition is $10250,so the taxable amount is $5000. The fedeal and state taxes have been withheld for this $5000. I was wondering if the taxes for the $5000 is refundable or can I claim any credit for tax return?
    Thanks
  • Feb 17, 2013, 09:51 PM
    AtlantaTaxExpert
    Yes, it is probably refundable, because you can claim a $3,800 personal exemption and a $5,950 standard deduction.

    I suspect both the withheld federal and state taxes should be refunded to you.

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