Sentences with phrase «offset tuition tax»

The $ 25 — $ 50 billion raised by the endowment tax can offset tuition tax credits.

Not exact matches

On Tuesday, after meeting with Republican senators, Cuomo said he included the Dream Act — which extends tuition assistance programs to undocumented immigrants — and a tax credit to offset educational donations as a «statement of priority,» not an item he was actually going to the mat over.

Cuomo said his plans to extend public tuition assistance to undocumented immigrants — the Dream Act — and a plan proposed tax credit offsetting donations to private and parochial school scholarship funds (as well as public schools) were «highly likely» to fall out of talks because the State Senate and Assembly were «dug in» in their respective opposition.

years; exempts vehicles owned by firefighter first responders used in the performance of duty from motor vehicle registration fees and vehicle use taxes; authorizes local volunteer fire companies and ambulance companies to offset the cost of health insurance for their volunteers through the use of funds collected from a 2 percent fire insurance premium tax from out - of - state insurers; allows fire companies to select up to three candidates to participate in the state's college tuition assistance program, known as Volunteer Recruitment Service Scholarships; and directs the state Higher Education Services Corp. to create a volunteer recruitment service college loan forgiveness program.

He has also proposed extending college tuition assistance to undocumented immigrants — a proposal known as the Dream Act — as well as creating a new tax credit to offset donations to private and parochial school scholarship funds and public schools.

Slated for elimination under the bill is the Lifetime Learning Credit, which allows eligible students enrolled in certain institutions to claim a tax reduction of up to $ 2,000 each tax year to offset tuition and related expenses for undergraduate, graduate and professional degree courses.

One program offers a tax credit to help offset the cost of tuition for families who move their children from public schools designated as «failing» by the state to a private school.

While the government does not provide any direct subsidies to private schools, tuition tax credits capped at $ 1,500 a year are available to offset the costs of private school fees.

The report examines tax policies in 20 states that have circumvented public opposition or even constitutional obstacles to publicly funded private school vouchers by using their tax codes to either encourage donations to private school scholarship funds, also known as neovouchers or backdoor vouchers or to offset the cost of private school tuition.

This change to 529 savings accounts immediately benefit wealthy families who already send their children to private schools, but now they will be able to offset their tuition that they already intended to pay for, but now can receive a tax credit for it.

Given the short period the funds may be in the 529 plan, tuition payers should be sure that the 529 plan account is commission - free, as the cost of a sales commission could offset some or all of the tax benefits.

Two tax credits help offset the costs (tuition, fees, books, supplies, equipment) of college or career school by reducing the amount of your income tax: