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How the GOP Tax Plan Could Hurt Graduate Students — and American Research

from The Chronicle of Higher Education

From Nov. 29: Buried in the details of the 400-page tax-reform plan unveiled on Thursday by House Republicans is a proposal that, if enacted, would leave many graduate students wondering if they could afford to continue their studies. Under current law, college employees are allowed to get a break on tuition without counting that break as taxable income. Graduate students who work as research or teaching assistants are among the chief beneficiaries of that policy.

But the bill released last week recommends that tuition waivers be counted as income and be subject to taxes. If that provision becomes law, graduate students could find themselves paying taxes on a far greater amount of money than they actually receive in paychecks from their college. more


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