Late Friday link: the GOP tax bill would tax grad student tuition waivers

Don’t want to wait on this until next week, because anyone who wants to act on it needs to do so quickly. The GOP tax bill proposes taxing graduate student tuition waivers as income. This would mean that many grad students would be taxed on a nominal total income of >$50,000, meaning that their actual take home pay would no longer be enough to live on.

Academic scientists are among those best positioned to convey to Congress just how bad an idea this is and how disruptive it would be.

I emphasize that I’m passing on the news without having dug into the details of the bill myself, so it’s possible I’ve overlooked some crucial details. If I’ve made an error or missed something, I’ll correct the post as needed.

4 thoughts on “Late Friday link: the GOP tax bill would tax grad student tuition waivers

  1. The bill would also tax private uni endowments:

    When you think of private unis with endowments, you shouldn’t just think “Harvard”. Yes, places like Harvard could afford to have their endowments taxed without it affecting their operations much. But most private unis are not Harvard.

    • The proposed private uni endowment tax applies to private institutions with at least 500 students and endowments of at least $100,000 per student. That’s about 140 institutions.

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