December 19, 2017 | BY Yosef Z. Klein
Last week, on December 15th , the Joint Committee on Taxation released a conference report on the Tax Cuts and Jobs Act. The House proposal included the repeal of the “qualified tuition reduction” exclusion from income, however the conference report does NOT include any mention of repealing the “Qualified Tuition Reduction” exclusion from income.
If the Tax Cuts and Jobs Act is enacted in its current version, educational institutions and their employees will continue to benefit from the “Qualified Tuition Reduction” exclusion from income.
non-profit - nonprofit - school