Higher Education Hates New Tax Bills


• Tuition waivers: House tax bill would make waived tuition taxable for many grad and doctoral students who have their tuition waived in exchange for teaching.

• University Employees: Will be taxed on any tuition or benefits received for their children because they work at the University.

• Student Loan Interest: House bill eliminates claiming a deduction on student loan interest

• University endowments: Senate and House bills propose excise tax on private college endowments that are more than $250,000 per full time student. Senate bill includes a 20% excise tax on any endowments used to pay $1 million in executive compensation.

• State and local tax deductions: House bill will limit the state and local tax deception and the Senate will repeal it.

• Other: House bill eliminates the Lifetime Learning Credit.


Click here for the full article.


0 views

© Copyright 2019 by

Texas Association of College Teachers

Contact Us

Tel: 512-873-8195

Email: Staff@TACT.org

Address

801 S. Highway 183, #1115

Leander, TX  78641