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Graduate School Tuition Waiver Payroll Deduction Form |
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Note:
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Graduate School Tuition Waiver benefits in excess of $5,250.00 are taxable income to the recipient. The University is required to report the income on your W-2 and withhold all applicable income tax. To ease the income tax burden, complete this form and have the taxes withheld over the remaining months of the year. Your taxable waiver will be equal to the total of the three semesters minus $5,250.00. Your tax liability will be approximately 30-35% of your taxable waiver. This form is effective for the current calendar year only. You must re-submit the form for subsequent calendar years.
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