Repaying employer for tuition Situation:
My current employer has been paying 100% of my college tuition and books since 2011, therefore, I have not claimed credits for any tuition costs. If I leave my current employer before serving one year after graduation, I will have to repay them for all tuition costs they have paid since 2011 (approx. $30k). Interest will not be charged. A payment plan would be created.
My question:
Will I be able to claim credits/deductions for the $30k owed to my employer since it's for college tuition and books?
If so, how do I go about claiming the credits/deductions? |