Estimate Your Potential Tax Impact: If your participation in the Tuition Waiver benefit exceeds the $5,250 threshold, you may be subject to additional taxable income. This estimator is designed to help you approximate your potential tax liability. While this tool provides a helpful projection, it is not a substitute for professional tax advice. Use the calculator below to better understand how exceeding the threshold could affect your overall tax responsibility.
The Citadel’s Tuition Waiver Policy states you can take a max of sixteen (16) credit hours per tax year. This amounts to roughly four (4) or five (5) classes, depending on credit hours per class.