FASEB Statement on Taxation of Graduate Student Tuition Waivers
Date: November 16, 2017
On November 10, FASEB issued a statement on taxation of graduate student tuition waivers. FASEB opposes the provision in The Tax Cuts and Jobs Act (HR 1) that would eliminate Section 117(d)(5) of the Internal Revenue Service (IRS) code. Section 117(d) (5) exempts tuition waivers from taxable income for graduate students who serve as teaching or research assistants. The FASEB statement noted that taxing tuition waivers will increase tax liability for thousands of graduate students and create a financial hardship for individuals who typically have modest incomes. Clear here to read the full statement.