After a flurry of debate and revisions over the last couple of weeks, the tax reform bill, formerly known as the “Tax Cuts and Jobs Act,” passed both houses of Congress today. As one of the most sweeping reforms of our tax code in decades, repercussions of the bill—both positive and negative—will likely be felt through all sectors of our economy for years to come. We thought readers of The Insider, however, may be particularly interested in the education provisions of the bill—how tax reform will affect students, parents, and the educational institutions that support them. We’ve broken down the key education provisions of the new tax law into categories, based upon the stakeholders most affected, though impacts will certainly be felt across stakeholder groups and through society at large.
The Insider: College Admissions Advice from the Experts is where College Coach experts weigh in on the latest college admissions topics. We cover everything from application timelines and strategies to tips on financing your child's education.
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