So you have received a grant or scholarship, congrats! Now for the question on everyone’s mind: Are taxes going to deplete my “free money”? According to the US Master Tax Guide, scholarships and fellowship grants are not considered income. Any amount of money which is received as a qualified scholarship is excluded from an individual’s [...]
Is my “free money taxable”?
June 2nd, 2010 No Comments
Tags: fellowship grants · grant taxes · qualified scholarships · scholarship taxes