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Level 2

Paying for College Tuition

I am thinking of hiring an intern and paying their college tuition fees rather than a salary.  But I have some questions first.

1. Can I do this?

2. What are the tax implications to me and the intern?

3. If I can do this how to I categorize the expense?

4. Is there an annual limit on what can be deducted?

Thank you in advance for any guidance.

1 Comment 1
Level 15

Paying for College Tuition

The amount you pay for college is income to the student and you are liable for payroll taxes on that amount.

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