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Author : American Enterprise Institute for Public Policy Research
Publisher : American Enterprise Institute Press
Page : 64 pages
File Size : 51,8 Mb
Release : 1978
Category : Education
ISBN : UOM:39015005772259
Author : Kevin G. Welner
Publisher : Rowman & Littlefield Publishers
Page : 195 pages
File Size : 53,9 Mb
Release : 2008-09-29
Category : Education
ISBN : 9780742565814
While school vouchers have captured the headlines, a different policy has captured the students. Tuition tax credit laws are now entrenched in Arizona, Florida, Pennsylvania, Rhode Island, Iowa, and Georgia, and they affect far more students. Yet few people understand the nature of these policies or the political and legal issues surrounding them. This book provides a comprehensive analysis of the structure, legality, and policy implications of tuition tax credits, which have garnered only scant attention even while expanding to cover more students than the voucher policies they're designed to emulate. At a time when tax credit policies are becoming a major form of American school choice, this book offers insights into both the strengths and weakness ofthe approach.
Author : United States. Congress. House. Committee on Ways and Means
Publisher : Unknown
Page : 712 pages
File Size : 50,7 Mb
Release : 1978
Category : Federal aid to education
ISBN : PURD:32754078071598
Author : United States. Congress. House. Committee on Ways and Means
Publisher : Unknown
Page : 722 pages
File Size : 43,9 Mb
Release : 1978
Category : Federal aid to education
ISBN : LOC:00187074198
Author : United States. Congress. Senate. Committee on Finance
Publisher : Unknown
Page : 554 pages
File Size : 46,7 Mb
Release : 1983
Category : Education
ISBN : UCR:31210004615157
Author : Nathan Glazer
Publisher : Unknown
Page : 36 pages
File Size : 55,5 Mb
Release : 1982
Category : Education
ISBN : STANFORD:36105032679222
Author : United States. Congress. House. Committee on Education and Labor. Subcommittee on Postsecondary Education
Publisher : Unknown
Page : 408 pages
File Size : 48,6 Mb
Release : 1978
Category : Student aid
ISBN : UCSD:31822019392802
Author : Donald E. Frey
Publisher : Unknown
Page : 129 pages
File Size : 53,8 Mb
Release : 1983-01-01
Category : Electronic
ISBN : 0608000310
Author : United States. Congress. Senate. Committee on Finance
Publisher : Unknown
Page : 408 pages
File Size : 52,5 Mb
Release : 1982
Category : Private schools
ISBN : PSU:000012522231
Author : James S. Catterall
Publisher : Unknown
Page : 46 pages
File Size : 44,9 Mb
Release : 1982
Category : Education
ISBN : STANFORD:36105032721255
Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management
Publisher : Unknown
Page : 1030 pages
File Size : 53,8 Mb
Release : 1981
Category : Tax credits
ISBN : UCAL:B5145659
Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally
Publisher : Unknown
Page : 378 pages
File Size : 49,6 Mb
Release : 1978
Category : Education
ISBN : UOM:39015077937467
Author : United States. Congress. Senate. Committee on Finance. Subcommittee on Taxation and Debt Management Generally
Publisher : Unknown
Page : 376 pages
File Size : 50,8 Mb
Release : 1978
Category : Education
ISBN : UIUC:30112106910463
Author : Linda W. Cooke
Publisher : Nova Novinka
Page : 76 pages
File Size : 41,6 Mb
Release : 2006
Category : Business & Economics
ISBN : IND:30000107606018
Education tax credits were introduced as a new subsidy for higher education in 1997 and have cost, on average, $4.6 billion a year in lost tax revenue since their enactment. The introduction of the Hope Credit and the Lifetime Learning Credit marked a dramatic increase in education spending through tax expenditures. Prior to 1997, tax incentives for higher education expenses totalled less than $2 billion in estimated lost revenue. The education tax credit program expanded the number of federal agencies involved in education policy making and increased the complexity and cost of administering the income tax system. This book provides analysis of the education tax credit program in the context of issues facing Congress in regard to higher education. This report begins with a review of the economic rationale for subsidising education, then describes federal subsidies for education in general and the education tax credits in particular. An analysis of the education credits follows and the report concludes with a discussion of education tax credit policy options. The Taxpayer Relief Act of 1997 established two permanent federal income tax credits, effective since tax year 1998, for qualified post secondary education expenses -- the Hope Scholarship credit and the Lifetime Learning credit. The Economic Growth and Tax Relief Reconciliation Act of 2001 created a temporary higher education tax deduction beginning in 2002. The Hope credit was introduced to help ensure that students have access to the first two years of undergraduate education. The Lifetime Learning credit and tuition and fees deduction provide support for students in any year of undergraduate and graduate study; they are unique in that they are available to individuals taking occasional courses. Only one of the three tax benefits may be taken in the same tax year for the same eligible student's qualified expenses. Key features of the credits and deduction dictate who the provisions benefit and the value of assistance they confer. Among these are the non-refundable nature of the credits (i.e., persons must have income tax liabilities and the liabilities must exceed the maximum amount of the credits in order to claim their full value), the deduction's availability whether or not taxpayers take itemised deductions, and the statutory limits on benefit amounts and on taxpayers' income. Accordingly, middle-and upper middle-income individuals are the targeted beneficiaries of these tax incentives. All three benefits apply to the tuition and fees required for enrolment that are not offset by grant aid (e.g. qualified scholarships) and other tax benefits (e.g. Coverdell Education Savings Accounts and Section 529 Plans). The Hope credit has had a maximum value of $1,500 per student since its inception; the Lifetime Learning credit, $2,000 per return since 2003.
Author : J. Paul Dubé
Publisher : Unknown
Page : 8 pages
File Size : 46,9 Mb
Release : 2012
Category : Income tax deductions for educational expenses
ISBN : 1100204326
Students who attend post-secondary educational institutions in Canada are eligible to apply for a non-refundable tax credit for tuition fees and related expenses. The tax credit for these expenses, which is administered by the Canada Revenue Agency (CRA), reduces the amount of income tax the student has to pay. This tuition tax credit is also available to students who attend certain educational institutions outside Canada, provided the institution meets conditions set out in the Income Tax Act. We took note of several media accounts of students who had attended even well known universities outside Canada and were nonetheless denied the tuition tax credit. Our Office also received complaints from students attending educational institutions outside Canada who felt, as a result of being denied the tuition tax credit, that they were being treated unfairly by the CRA. Our investigation found those complaints to have merit. In this report, the Ombudsman recommends that the CRA continue to ensure that the assessment of claims for the tuition tax credit be based on the provisions of the Income Tax Act and not solely on internal practices. The Ombudsman also recommends that the CRA do more to inform Canadians about the availability of tuition tax credits for expenses incurred attending educational institutions outside of Canada, as well as the eligibility criteria.
