Employee Tuition Waiver Program and Taxation
In preparation for the summer 2014 semester, please be reminded that UCF employees can claim up to $5,250 in tax-free educational benefits for graduate level and
higher coursework (section 127, Internal Revenue Code). Please be advised that the value of the benefit in excess of $5,250 will be taxed at the supplemental tax
rate (25%) for federal withholding, plus the appropriate Social Security and Medicare tax rates. Those taxes will be deducted from your paycheck(s) and be
included on your Form W-2.
The university does not provide tax advice. If you have questions about this information, please contact a tax professional.
Non-tax related questions regarding the educational benefits addressed above may be directed to Payroll Services by emailing email@example.com or calling
(407) 823-2771 .
|Contact Person:||Payroll Services|
|Posted By:||Isha Guerrero-Londeree|