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Scholarship tax

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Manager
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Joined: 01 Aug 2018
Posts: 56
Location: Brazil
Scholarship tax  [#permalink]

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New post 15 Feb 2019, 17:08
Are your scholarships subjected to tax? I read on p970 from IRS that if scholarships are lower than full tuition it should not be taxed. But I dont know if schools discount and then u file a reimbursement with the government of if they should not even discount.

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GMAT 1: 750 Q49 V42
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Re: Scholarship tax  [#permalink]

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New post 14 Oct 2019, 11:07
I believe the taxation of scholarship funds has been changed and the scholarship will no longer count towards your income as it was originally designed during the Tax reform.
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Re: Scholarship tax   [#permalink] 14 Oct 2019, 11:07
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