Well then, the scholarships are salaries which are subject to state, fed and local taxes.
posted on 03/27/2014 7:17:35 AM PDT
(Valley Forge Redux)
Actually, a lot of scholarships are considered income, and the schools send out 1099s. Most of that income is not considered taxable, but I believe some kinds of scholarships are.
posted on 03/27/2014 7:27:12 AM PDT
(Let the Tea Party win, and we will declare peace on the American people and go home.)
Scholarships are “grants-in-aid” and specifically addressed as non-taxable by the IRS already. This changes nothing in that respect.
posted on 03/27/2014 8:29:30 AM PDT
(It feels like the seventies, and it shouldn't.)
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