Students who are receiving employee tuition assistance may exclude up to $5,250 of their employer-provided education benefits from their income.  The assistance must be for undergraduate courses beginning prior to June 1, 2000 and the coursework need not be job-related.

Student who are receiving tuition assistance from their employer that pays for all the educational expenses of the student may not claim the Hope Scholarship or Lifetime Learning Credit in the same year.

Additional information on all education-related tax benefits is available in IRS Publication 970.  This publication can be viewed online by visiting the IRS website at http://www.irs.gov or you can access the publication in Adobe Acrobat format by clicking here. (Adobe Acrobat Reader, a free download from http://www.adobe.com is required to view this publication from the IRS)