Higher Education Tax Benefits: Brief Overview and Budgetary Effects. CRS Report R41967, Version 40. Updated

Autor/in	Crandall-Hollick, Margot L.
Institution	Library of Congress, Congressional Research Service (CRS)
Titel	Higher Education Tax Benefits: Brief Overview and Budgetary Effects. CRS Report R41967, Version 40. Updated
Quelle	(2018), (17 Seiten) PDF als Volltext kostenfreie Datei Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Monographie
Schlagwörter	Higher Education; Taxes; Tax Credits; College Students; Paying for College; Student Financial Aid; Educational History; Public Policy; Financial Policy; Educational Finance; Qualifications; Incentives; Student Costs + Suchen Sie Ihr Suchwort? Hochschulbildung; Hochschulsystem; Hochschulwesen; Abgabe; Steuerermäßigung; Collegestudent; Studienfinanzierung; Finanzielle Beihilfe; Studienförderung; History of education; Bildungsgeschichte; Öffentliche Ordnung; Fiscal policy; Finanzpolitik; Bildungsfonds; Qualifikation; Qualifikationsstufe; Anreiz; Studienkosten
Abstract	This report provides a brief overview of the higher education tax benefits that are currently available to students and their families. The report: (1) contrasts higher education tax benefits with traditional student aid; (2) presents a brief history of higher education tax policy over the past 60 years, including recent legislative proposals to modify these tax incentives; (3) summarizes key features of the available tax benefits; and (4) provides Joint Committee on Taxation (JCT) estimates of revenue losses resulting from individual tax provisions. The summary is contained in Table 1 and provides information on various aspects of each tax benefit including the type of benefit (credit, deduction, etc.), the annual dollar amount of the benefit, what expenses qualify for the benefit, what level of education the benefit can be claimed for, income levels at which the benefit phases out, and, if the provision is temporary, when it expires. Table 2 contains estimates of the annual forgone federal revenue attributable to each provision. [For an overview of tax-preferred college savings plans, see CRS Report "Tax-Preferred College Savings Plans: An Introduction to 529 Plans," by Margot L. Crandall-Hollick, ED593608.] (ERIC).
Anmerkungen	Congressional Research Service. Web site: https://crsreports.congress.gov/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2020/1/01