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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.

Opportunity Zones:  A Primer for Colleges and Universities

Upon enactment of the Tax Cuts and Jobs Act of 2017, the federal government established an economic development tool intended to spur investment in distressed communities designated as qualified opportunity zones.  The program offers stakeholders, including colleges and universities, certain tax benefits and incentives for investing in local startups, community businesses, and workforce expansion.  NACUBO Advisory 20-05 explains how the opportunity zone program works and outlines for higher education institutions the advantages of investing in the opportunity zone program to support their local communities.

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

Final Endowment Tax Regulations Adopt Reasonable Approach

September 18, 2020

The IRS and Department of the Treasury finalized rules governing the net investment income tax imposed on certain private colleges and universities. Many provisions in the final rules reflect the comments submitted by NACUBO and other stakeholders.


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  • August 31, 2020

    Uncertainty Surrounds Limited Guidance on Payroll Deferral Plan

    According to an IRS notice published late Friday, employers may defer the withholding and deposit of employees’ share of social security tax for the period of September 1 through December 31, 2020. The liability for the taxes is not waived and employers opting to participate in the deferral will need to collect and deposit those amounts between January 1, 2021, and April 30, 2021.

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  • July 9, 2020

    IRS Offers Guidance to Employers for Reporting Coronavirus Sick and Family Leave Wages

    The IRS has specified reporting requirements for amounts of sick and family leave wages paid to employees under the Families First Coronavirus Response Act.

    Read More →

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NACUBO Advisories

Stay current and compliant with guidance from NACUBO. Advisories provide direction on a variety of complex topics.

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).