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Tax

Stay on top of the many rules and policy developments affecting higher education tax administration and compliance, and follow NACUBO's advocacy efforts on tax matters.

COVID-19 Tax & Employer Resources

A collection of resources and guidance to help navigate various tax and employer benefits can be found here. The page includes guidance on topics including tax credits and deferrals, SBA low-interest loans for small employers, CARES Act loans for mid-size employers, and others.

Tax Cut and Jobs Act

Follow NACUBO's summary of TCJA implementation guidance that has been published from the IRS and refer to NACUBO's statements and resources to understand the impact of tax reform provisions on your students, staff, and institution.

1098-T Reporting

NACUBO has compiled a number of resources to help institutions with 1098-T reporting.

Congressional Action

 A list of higher education-related tax legislation we're tracking in the current Congress is available here.

Join the Conversation: Taxlist

Need help sorting out the tax treatment of a scholarship or reporting taxable benefits? Want to know what approaches your peers at other institutions are taking?  Join NACUBO's taxlist - an online discussion group more than 600 campus tax professionals. (Participation is limited to employees of education institutions).  

Tax Council

NACUBO's policy and advocacy work in the tax area is supported and guided by members of the Tax Council.  Comprised of individuals responsible for tax administration and compliance on their campus, members of the council analyze and shape NACUBO's responses to federal legislative and regulatory proposals, meet with law and policymakers in Washington, and serve as faculty for NACUBO's tax programs.  

Contact

Mary Bachinger

Director, Tax Policy

202.861.2581


News

Agencies Provide Updates on Taxability, Disclosure Reporting for Emergency Grants to Students

May 8, 2020

Following advocacy from NACUBO, the IRS has issued guidance that emergency grants provided to students under the CARES Act are not taxable. Meanwhile, the Department of Education is requiring institutions to post emergency grant disclosures to their websites no later than 30 days after receiving the funds.


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  • April 28, 2020

    Proposed Rules on UBIT Basketing Published

    The proposed rules implementing a 2017 tax-law change to how higher education institutions and other exempt organizations calculate unrelated business taxable income – the so-called basketing rules – ease some but not all of the administrative headaches for colleges and universities. Comments are due by June 23.

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  • April 23, 2020

    IRS Grants Tax Relief for International Students During COVID-19 Crisis

    Following advocacy efforts by NACUBO, the Department of the Treasury and the IRS released guidance on tax relief for visiting students and scholars who currently are unable to travel home. The IRS also issued guidance on other filing and payment extensions.

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Telephone Town Halls

Tuesdays at 1pm

Tune in every Tuesday at 1:00pm Eastern to converse with NACUBO experts and hear the latest updates from Washington..

COVID-19 Webcasts

Join us online each Friday for a 30-minute webcast where experts share strategies navigating several important topics related to COVID-19 on campus.

Join the Conversation

If you're not already a subscriber to NACUBO's discussion group of more than 600 campus tax professionals, join the Taxlist eGroup. (Only employees of higher education institutions may participate).