Breaks for college students back in tax bill

December 13, 2017 - 6:23 pm

Congressional aides say negotiators have removed several controversial provisions from sweeping tax legislation, including one that would have eliminated the deduction for interest on student loans and another deduction for medical expenses.

Two congressional aides also say the bill will no longer start taxing graduate-school tuition waivers. The aides spoke on condition of anonymity because they were not authorized to publicly discuss private negotiations.

GOP leaders in the House and Senate have reached an agreement in principle on the biggest rewrite of the nation's tax laws in more than 30 years, though the legislation is still being finalized Wednesday.

Advocacy groups have complained about the provisions that were removed, especially with college graduates face mounting debt from student loans.

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