US Tax Bill 2017 : How it will affect International students studying in the USA
There is a bad news for International students studying in the USA. The US House of Representatives has passed a tax Bill that has the potential to impact International students who want to pursue master’s degrees or doctorates in American universities and colleges. In the newly passed Tax Cuts and Jobs Act, Section 117(d)(5) of the current tax code has been repealed, and this provision is vital to students who pursue master’s degrees or doctorates and are not independently wealthy. Earlier, students pursuing masters or doctorate degrees in the US who used to work as a classroom teachers or laboratory researchers in their respective universities were given a tuition waiver which used to help them lower their education expenses in the US due to the high tuition fees in various universities across the USA. Students are not entitled to receive this tuition waiver, instead the tuition waiver is deducted from their semester fees, hence making higher education affordable for the ...