For those laid off, what are some creative (and approved) ways you spent your education stipend? Can I buy online courses? What about $2k in books?
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Very easy, no questions,the field is completely unrelated to oil and gas. I received a nice letter wishing me well and a check in the mail, not taxed.
Yes, you can buy books, in fact I bought about 10 "related" books and took one class to get it as close to the $2000 as possible: there weren't enough lines on the form to list all of the books, so I added my own lines. APPROVED!
COP does not tax; IRS does tax. The W2 will include the educational reimbursement total. Not an education stipend, but a Educational reimbursement.
I received 2000.00 not taxed, nice to have a ligitame claim is processed quickly. COP severance is pretty good,
financial planning
Basket weaving
You are taxed on the $. Use the $ for education of value to future earnings.