Search University
August 21


Scholarships Taxability

University search

  A scholarship is part taxable and part not, according to the award, if it goes for your books, fees, and/or equipments you will not have to pay taxes; but if it goes for your room, and/or any other stipend for living you will have to pay taxes.

  The amount of taxes could change, depending on the kind of candidate;
- Non-degree; any financial aid will be subjected to federal taxes in the total amount, including educational expenses.

- Degree; course-related expenses do not pay federal income taxes, but living expenses and non-required expenses must pay taxes.

- Services; most of the universities use the teaching and research services, which are taxable; but some other use the payment-for-services restrictions making teaching duties part, of the educational program.



Back to: Scholarships





About us: Sitemap | About us | Contact Us | Advertising with Us | How to Link to Us




www.SearchUniversity.com

© 2006 - 2018 Search University