[comp.edu] Tax law changes on educational bene

mcdonald@uxe.cso.uiuc.edu (12/18/88)

>As I understand it the old law expired this year, and congress *forgot* to
>renew it (in the same manner they forgot to refuse their pay increases).
>Many of my friends work at private universities in low-paying jobs to get
>tuition remission.  For someone making $4 an hour, being taxed for $4,000
>of "wages" ($500/course * 2 courses/Qtr * 4 Qrts/year) is a big jolt.

This is somewhat outdated. That issue has been decided. There has been
substantial relief. Around here (state school) it seems to be complete
relief, but I am not so sure about expensive private schools.