How Tax Bill May Impact Independent Schools

(from NAIS) NAIS has put out a legal advisory on how the recently passed federal tax legislation will impact independent schools. NAIS members can access more information about:

• increased standard deduction.
• increased estate and gift tax exemption.
• tax-free employer assistance for employee student loan payments.
• deduction for overtime compensation.
• many other general provisions.

The advisory also includes extensive considerations about new federal level scholarship tax credit. 

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