Education
The latest on education provisions in tax bill
President Donald Trump speaks on tax reform in the Grand Foyer of the White House, Wednesday, Dec. 13, 2017, in Washington. (AP Photo/Evan Vucci)
By Eric Stirgus
Dec 19, 2017The U.S. Senate may vote Tuesday evening on major legislation that could change income tax brackets for individuals, families and businesses.
Here’s the latest on some education-related proposals in the bill, known as the “Tax Cuts & Jobs Act”:
- The bill keeps a $250 deduction for educators that allows them to expense costs of classroom materials. An earlier version of the legislation proposed removing that deduction.
- A proposal to tax net investment income of colleges with more than 500 students and assets of at least $100,000 per student remains in the bill. Some Senate Budget Committee members said Tuesday afternoon that provision may be removed from the bill.
- A proposed tax on tuition waivers for graduate and doctoral students for research they do on campus has been removed from the bill.
- The bill would expand use of 529 college savings accounts to include k-12 private school tuition. Some Senate Budget Committee members said Tuesday afternoon that provision may also be removed from the bill.
In other news on this issue:
About the Author
Eric Stirgus joined The Atlanta Journal-Constitution in 2001. He currently writes about higher education and has assisted in the newsroom’s COVID-19 vaccine coverage. Born and raised in Brooklyn, N.Y., Eric is active in the Atlanta Association of Black Journalists and the Education Writers Association and enjoys mentoring aspiring journalists.
