Tax Information:
In accordance with the IRS regulations, employer provided dependent care assistance is considered taxable income. Childcare fee assistance for U.S. students must be reported when filing your U.S. tax return. Childcare fee assistance to nonresident students is subject to 14% federal taxation and reported on Form
1042-S.
For more information, see IRS Publication
970, “Tax Benefits for Education” and IRS Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities.