To the Editor:
On Nov. 16, 2017, the House passed their long-anticipated Tax Cuts and Jobs Act. The suggested tax reform, the Tax Cuts and Jobs Act, includes the following provision:
“Qualified Tuition Reductions: Under current law, qualified tuition reductions provided by educational institutions to their employees, spouses, or dependents are excluded from income. The exclusion may be provided in the form of either reduced tuition or cash. The reduction must be part of a program that does not discriminate in favor of highly compensated employees and may not apply to graduate programs (except for a graduate student who is teaching or a research assistant).