There are tax deductions (and credits) for tuition. One expired last year, and the others (with the exception of the American Opportunity Tax Credit and the deduction from Schedule C income for education expenses that also happen to be ordinary and necessary business expenses in the exact same trade, business, or profession) are being stripped away by this bill.
The only way to win is to go 1099, which I guess the Big Corporations would prefer, since all the labor laws and liabilities go out the window.
Slashdot Mirror
There are tax deductions (and credits) for tuition. One expired last year, and the others (with the exception of the American Opportunity Tax Credit and the deduction from Schedule C income for education expenses that also happen to be ordinary and necessary business expenses in the exact same trade, business, or profession) are being stripped away by this bill. The only way to win is to go 1099, which I guess the Big Corporations would prefer, since all the labor laws and liabilities go out the window.