Archive | December, 2017

Should college tuition waiver be taxed?

10 Dec

New proposed GOP tax plan, the Tax Cuts and Jobs Act is not a law yet. It passed the House and Senate. The House bill is different from the Senate version. So the next step for the US Congress is to make a unified bill from both House and Senate. I don’t want to make comments by anticipating a disaster when it has not even become a law. But you need to know that the House bill, not Senate version is pushing taxing on:

  • Tuition waiver from a college, and
  • Tuition assistance from an employer

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