Tax break for dental faculty repaying student loans
New rules allow dental school faculty repaying student loans through federal programs to exclude these repayments from their taxable income. This means the amounts received for loan repayment will not increase their income tax. The change aims to encourage work in dental schools.
Key points
Student loan repayments received by dental faculty from federal programs will not be taxed.
The change applies to amounts received in tax years beginning after the law is enacted.
The government will study how loan repayment programs affect faculty retention.
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