SDB opposes House version of Tax Cuts and Jobs Act (HR 1) increasing graduate student tax liability

12/13/2017

The Society for Developmental Biology Board of Directors and Committee members co-signed a letter to the Chairman and Ranking Member of the House Ways and Means Committee opposing the House version of the Tax Cuts and Jobs Act (HR 1) which eliminates Section 117(d)(5) of the Internal Revenue Service code increasing the tax liability of graduate students. This provision, which will treat tuition waivers as taxable income for graduate students, is not in the Senate version of the tax bill. As the conference committee made up of members of both the House and Senate meet to reconcile differences between their versions of the tax bill, SDB urges Congress to block all efforts to tax tuition waivers for graduate students.  The letter was sent to all members of the conference committee.  Read full letter here.

Last Updated 01/30/2018