Jobs in DSP
in [DSP]
|
From: glen herrmannsfeldt on 24 Feb 2010 12:21 Clay <clay(a)claysturner.com> wrote: (snip) > In the US, when your employer pays for grad school, that is a taxable > benefit, unlike the case for undergrad. But tuition wavers offered by > the school are however tax exempt! If the school's cost combined with > an endentured servant's salary is low enough, its being taxable may > not be a big deal. When I was in grad school there was always the question about changes in the tax laws. Also, it might be that TA (teaching) and RA (research) might have different tax treatment. > It just depends on where you sit on the pay scale. > I enjoyed teaching (for a tuition waiver) at the school as it created > no tax issues since I also had a full time day job. I believe it is still usual for them to cover tuition. One that I just checked, as it did 20 years ago, covers tuition with at least a 25% time (I believe there is also a maximum) position. Usual is 50%, either TA or RA. -- glen
From: Clay on 24 Feb 2010 12:59 On Feb 24, 12:21 pm, glen herrmannsfeldt <g...(a)ugcs.caltech.edu> wrote: > Clay <c...(a)claysturner.com> wrote: > > (snip) > > > In the US, when your employer pays for grad school, that is a taxable > > benefit, unlike the case for undergrad. But tuition wavers offered by > > the school are however tax exempt! If the school's cost combined with > > an endentured servant's salary is low enough, its being taxable may > > not be a big deal. > > When I was in grad school there was always the question about > changes in the tax laws. Also, it might be that TA (teaching) > and RA (research) might have different tax treatment. > > > It just depends on where you sit on the pay scale. > > I enjoyed teaching (for a tuition waiver) at the school as it created > > no tax issues since I also had a full time day job. > > I believe it is still usual for them to cover tuition. One that > I just checked, as it did 20 years ago, covers tuition with > at least a 25% time (I believe there is also a maximum) position. > Usual is 50%, either TA or RA. > > -- glen Actually the waiver treatment is quite straight forward. Since the institution waives the tuition fee, it is considered to not be income. For other situations this is inputed income and you are still responsible for taxes but a special set aside is created in the federal tax law. Several years ago Congress brought up the tax exempt status of tuition waivers for discussion and universally the schools said that if the TAs, RAs, PTIs etc had to pay taxes on their waivers, that the schools could no longer employ them at the endentured pay rates and they certainly could not afford to pay them normal rates either. So the schools would be strongly hindered. So Congress upheld the tax exempt status. And I don't see this changing anytime soon. Clay
From: Dirk Bell on 24 Feb 2010 18:16 On Feb 24, 12:10 pm, Clay <c...(a)claysturner.com> wrote: > On Feb 24, 12:04 pm, Rob Gaddi <rga...(a)technologyhighland.com> wrote: > > > > > > > On Wed, 24 Feb 2010 07:09:08 -0800 (PST) > > > Clay <c...(a)claysturner.com> wrote: > > > [snip] > > > > I think it is harder now. The cost of tuition has gone up much faster > > > than the amount of assistanceship. Now we have had big budget cuts in > > > the state and the universities have annouced more fee increases. But > > > sounds like you got a great deal. Back then I had an employer who paid > > > my undergraduate degree and then my teaching during grad school paid > > > for that. > > > > Clay > > > A friend of mine working for a large company that rhymes with Eneral > > Geletric says that not only do they cover her grad school tuition (up > > front, not as a reimbursement), but that she also gets PTO for the time > > that she's in classes. Nice deal if you can get it. Of course, that > > still leaves the bootstrapping issue of getting the job with EG with > > only the bachelor's, but that problem is left as an exercise for the > > student. > > > -- > > Rob Gaddi, Highland Technology > > Email address is currently out of order > > In the US, when your employer pays for grad school, that is a taxable > benefit, unlike the case for undergrad. But tuition wavers offered by > the school are however tax exempt! If the school's cost combined with > an endentured servant's salary is low enough, its being taxable may > not be a big deal. It just depends on where you sit on the pay scale. > I enjoyed teaching (for a tuition waiver) at the school as it created > no tax issues since I also had a full time day job. > > Clay- Hide quoted text - > > - Show quoted text - Clay, Not always true about grad school being taxable. Check out: http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf Basically (not legal advice): If the training maintains or improves your skills required for doing your present work, not taxable. or If the training is required by your employer or law to maintain your present position, salary or status, not taxable. My observation (limited, so others can put their 2 cents in) is that the employer won't approve the course unless it meets one of these conditions. Dirk Ben Franklin said " A penny saved is a penny earned." No longer true. With taxes it might be "2 pennies saved is 3 pennies earned."
From: Clay on 24 Feb 2010 22:31 On Feb 24, 6:16 pm, Dirk Bell <bellda2...(a)cox.net> wrote: > On Feb 24, 12:10 pm, Clay <c...(a)claysturner.com> wrote: > > > > > > > On Feb 24, 12:04 pm, Rob Gaddi <rga...(a)technologyhighland.com> wrote: > > > > On Wed, 24 Feb 2010 07:09:08 -0800 (PST) > > > > Clay <c...(a)claysturner.com> wrote: > > > > [snip] > > > > > I think it is harder now. The cost of tuition has gone up much faster > > > > than the amount of assistanceship. Now we have had big budget cuts in > > > > the state and the universities have annouced more fee increases. But > > > > sounds like you got a great deal. Back then I had an employer who paid > > > > my undergraduate degree and then my teaching during grad school paid > > > > for that. > > > > > Clay > > > > A friend of mine working for a large company that rhymes with Eneral > > > Geletric says that not only do they cover her grad school tuition (up > > > front, not as a reimbursement), but that she also gets PTO for the time > > > that she's in classes. Nice deal if you can get it. Of course, that > > > still leaves the bootstrapping issue of getting the job with EG with > > > only the bachelor's, but that problem is left as an exercise for the > > > student. > > > > -- > > > Rob Gaddi, Highland Technology > > > Email address is currently out of order > > > In the US, when your employer pays for grad school, that is a taxable > > benefit, unlike the case for undergrad. But tuition wavers offered by > > the school are however tax exempt! If the school's cost combined with > > an endentured servant's salary is low enough, its being taxable may > > not be a big deal. It just depends on where you sit on the pay scale. > > I enjoyed teaching (for a tuition waiver) at the school as it created > > no tax issues since I also had a full time day job. > > > Clay- Hide quoted text - > > > - Show quoted text - > > Clay, > > Not always true about grad school being taxable. > > Check out: http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf > > Basically (not legal advice): > If the training maintains or improves your skills required for doing > your present work, not taxable. > or > If the training is required by your employer or law to maintain your > present position, salary or status, not taxable. > > My observation (limited, so others can put their 2 cents in) is that > the employer won't approve the course unless it meets one of these > conditions. > > Dirk > > Ben Franklin said " A penny saved is a penny earned." No longer true. > With taxes it might be "2 pennies saved is 3 pennies earned."- Hide quoted text - > > - Show quoted text - Hello Dirk, Actually according to the details of the document you linked, graduate education is taxable unless you receive a tuition reduction for teaching/researching for the school. So if your private employer reimburses you for grad school, that is taxable. That's is what I meant by tuition waivers for teaching. The waiver is a form of tuition reduction. Clay p.s I have discussed this with my CPA more than once. From the link: "Tuition reductions for graduate education are considered qualified and are tax free if they are provided by an eligible educational institution to a graduate student who performs teaching or research activities for that institution. All other tuition reductions for graduate education are taxable."
From: Dirk Bell on 25 Feb 2010 01:52
On Feb 24, 10:31 pm, Clay <c...(a)claysturner.com> wrote: > On Feb 24, 6:16 pm, Dirk Bell <bellda2...(a)cox.net> wrote: > > > > > > > On Feb 24, 12:10 pm, Clay <c...(a)claysturner.com> wrote: > > > > On Feb 24, 12:04 pm, Rob Gaddi <rga...(a)technologyhighland.com> wrote: > > > > > On Wed, 24 Feb 2010 07:09:08 -0800 (PST) > > > > > Clay <c...(a)claysturner.com> wrote: > > > > > [snip] > > > > > > I think it is harder now. The cost of tuition has gone up much faster > > > > > than the amount of assistanceship. Now we have had big budget cuts in > > > > > the state and the universities have annouced more fee increases. But > > > > > sounds like you got a great deal. Back then I had an employer who paid > > > > > my undergraduate degree and then my teaching during grad school paid > > > > > for that. > > > > > > Clay > > > > > A friend of mine working for a large company that rhymes with Eneral > > > > Geletric says that not only do they cover her grad school tuition (up > > > > front, not as a reimbursement), but that she also gets PTO for the time > > > > that she's in classes. Nice deal if you can get it. Of course, that > > > > still leaves the bootstrapping issue of getting the job with EG with > > > > only the bachelor's, but that problem is left as an exercise for the > > > > student. > > > > > -- > > > > Rob Gaddi, Highland Technology > > > > Email address is currently out of order > > > > In the US, when your employer pays for grad school, that is a taxable > > > benefit, unlike the case for undergrad. But tuition wavers offered by > > > the school are however tax exempt! If the school's cost combined with > > > an endentured servant's salary is low enough, its being taxable may > > > not be a big deal. It just depends on where you sit on the pay scale. > > > I enjoyed teaching (for a tuition waiver) at the school as it created > > > no tax issues since I also had a full time day job. > > > > Clay- Hide quoted text - > > > > - Show quoted text - > > > Clay, > > > Not always true about grad school being taxable. > > > Check out: http://www.irs.gov/pub/irs-tege/fringe_benefit_fslg.pdf > > > Basically (not legal advice): > > If the training maintains or improves your skills required for doing > > your present work, not taxable. > > or > > If the training is required by your employer or law to maintain your > > present position, salary or status, not taxable. > > > My observation (limited, so others can put their 2 cents in) is that > > the employer won't approve the course unless it meets one of these > > conditions. > > > Dirk > > > Ben Franklin said " A penny saved is a penny earned." No longer true. > > With taxes it might be "2 pennies saved is 3 pennies earned."- Hide quoted text - > > > - Show quoted text - > > Hello Dirk, > > Actually according to the details of the document you linked, graduate > education is taxable unless you receive a tuition reduction for > teaching/researching for the school. So if your private employer > reimburses you for grad school, that is taxable. That's is what I > meant by tuition waivers for teaching. The waiver is a form of tuition > reduction. > > Clay > > p.s I have discussed this with my CPA more than once. > > From the link: > > "Tuition reductions for graduate education are considered qualified > and are tax free if they are provided by an eligible educational > institution to a graduate student who performs teaching or research > activities for that institution. All other tuition reductions for > graduate education are taxable."- Hide quoted text - > > - Show quoted text - Clay, I don't read pages 79-82 that way. My last employer, a major defense contractor, was paying for graduate education to enhance peoples' performance in their current job, taking no taxes. Dirk |