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Issue Brief

Learn about why tax-exempt financing is critical for universities to advance their mission of educating and innovating for the public good.
The Federal Tax Code impacts colleges and universities' missions through provisions affecting aid to students; incentives for charitable giving; tax-exempt financing; UBIT; and the R&D tax credit.
The federal government sponsors university research to help our country prosper.
To provide quick, easy-to-use information on the role of U.S. research universities in conducting basic research, AAU has published a new data and policy brief, Basic Scientific and Engineering Research at Universities.
The following backgrounder is about Internal Revenue Code Section 222 where the qualified tuition and related higher education expenses deduction allows students or parents to deduct up to $4,000 in qualified higher education expenses from their taxable income.
The following backgrounder is about Internal Revenue Code Section 501(c)(3) and Section 115 where the vast majority of private and public universities and colleges are tax-exempt entities.
The following backgrounder is about Internal Revenue Code Sections 103(a), 141(b), 141(c), and 501(c)(3) which is when colleges and universities need capital to finance expansion or renovation of existing facilities.
The following backgrounder is about Internal Revenue Code 221 which is a federal income tax deduction that permits taxpayers with less than $75,000 in modified adjusted gross income for a single filer or $155,000 for joint filers to deduct up to $2,500 in federal student loan interest payments each year.
The following backgrounder is about Internal Revenue Code Section 127 which allows employers to exclude from employees’ wages up to $5,250 per year for payment or reimbursement of tuition, fees, books, certain supplies, and equipment for job or non-job related undergraduate and graduate level education as part of a “qualified educational assistance program.”
The following backgrounder is about Internal Revenue Code Section 117 (d) which allows employees of certain educational institutions, including nonprofit universities and colleges, to exclude from taxable income qualified undergraduate tuition reductions they, or their dependents, receive from their employer.