You mean to tell me we have to pay 41.5 percent tax now? That is absurd. My agency director told me that I shouldn't have to pay any tax because it is "continuing education."
Yeah- I do get taxed on the tuition after the first $5200 each year, but I do own a home- so between that and education credits, I figure a law degree is worth whatever taxes I wind up paying.I work for the US Patent and Trademark Ofice as an examiner. They had the tuition program few years back, but pulled it when our budget got tight. The Office recently got more $$$, so we are gettign that perk back. They could yank it at any time, though, which is why I hurried to get apps in this year as opposed to taking my time and applying next cycle. BTW- they are currently on a hiring binge, if it's your cup of tea.
I think we've gone over this breakdown on employer gifts (which is how tuition benefits are categorized.) 25% flat Federal9% flat DC7.65 FICAFor you to have no tax burden law school would have to be necessary for you to keep your current job at your current level of pay. If you can, check with other people in your agency who are currently in law school to see what their status is (yours may be different, at least in part, because you mentioned needing a certain amount of credits for work.) The program administrator would also be a good person to call.
I get a paygrade raise each year regardless. Actually, its 2 paygrades each year that I go up. Why would that affect it? 42 percent in taxes just seems so damn absurd.
Page created in 0.184 seconds with 19 queries.