The GOP's Tax Bill Could Cost MBAs

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The GOP's Tax Bill Could Cost MBAs
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The Tax Cuts and Jobs Act of 2017 proposes to eliminate the itemized deduction for employee business expenses. The employee business expense deduction includes any expenses for work-related education. If this tax bill becomes law, "a taxpayer would not be allowed an itemized deduction for expenses attributable to the trade or business of performing services as an employee," according to a summary prepared by the majority tax staff of the House Ways and Means Committee.

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