Definition of a Child:
A child is defined as the employee’s son, step-son, daughter, step-daughter and a legally adopted child.
Students who participate in this program are not eligible to receive additional University-funded scholarships or grants.
(University funded means any funds deposited at the University where the University makes the decision concerning the recipient.)
A. Children who have not attained age 24 as of the close of the calendar year.
B. Children age 24 or older as of the close of the calendar year.
Taxability of Benefit:
NMU will abide by state and federal laws regarding the taxability of benefits.
You will be taxed on the value of tuition in the year your dependent turns age 24 (or older). For example, a dependent 24 years or older taking between 12-18 credits will create approximately $3,252* (per semester) of tax liability on your wage statement (W-2). You may wish to seek tax advice regarding the tax implications of this benefit.
*(Based on Fall 08 to Winter 09 resident undergraduate tuition.)
The information on this page is current as of January 2012; updated to reflect Publication 970.