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The version of this bill which passed the Senate last night did not end the tuition tax credit [0]. Additionally, tax cuts do sometimes expire after a few years
by matt1234567 9y ago
The version of this bill which passed the Senate last night did not end the tuition tax credit [0]. Additionally, tax cuts do sometimes expire after a few years. For example, this info from Intuit indicates that the tuition tax credit in question expired at the end of 2016 [1].
Editing this upon a close rereading of [1]. I'm not sure if that refers to the same tuition tax credit. Any armchair tax lawyers care to weigh in?
But, I have called my representatives and asked them to make sure that the credit survives reconciliation of the bill between the House and Senate, because I don't think that graduate student pay should be used as a bargaining chip.
[0]: https://www.washingtonpost.com/news/wonk/wp/2017/11/30/what-is-in-the-senates-massive-tax-bill-and-what-could-change/ https://www.washingtonpost.com/news/wonk/wp/2017/11/30/what-...
[1]: https://turbotax.intuit.com/tax-tips/college-and-education/deduction-for-higher-education/L0krerdUK https://turbotax.intuit.com/tax-tips/college-and-education/d...
- deleted 9y ago[deleted]
- CalChris 9y agoThe House version of the bill eliminates the student loan deduction for graduate students. This will be resolved in conference so it is still very much on the table.
- matt1234567 9y agoYes. My intent was to foster not complacency but hope - everyone reading this, please get on the phone with your representatives as soon as their offices open and tell them to keep the tuition credits while the bill is in conference! https://whoismyrepresentative.com https://whoismyrepresentative.com