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AAU, Associations Urge Congress to Fix “Kiddie,” Parking, Endowment Taxes

AAU joined 17 other higher education organizations on a letter to House Ways and Means and Senate Finance Committee leaders to pass legislation to address issues in the 2017 Tax Cuts and Jobs Act, including the “kiddie,” parking, and endowment taxes, and to extend the above-the-line deduction for qualified tuition and related expenses. The letter says that these measures “inadvertently cause harm to many low- and middle-income students who rely on scholarship aid to pay for their college education,” take away valuable benefits to families that help them finance a college education, and damage the teaching and research missions of some institutions.

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