Taxability of Scholarships and Financial Aid


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Taxability of Scholarships and Financial Aid

IRS

This helpful IRS publication provides all you need to know about scholarships, fellowships, and taxability for U.S. students. Page 5 has a particularly helpful chart to help determine what portions of a scholarship or aid allowance is taxable.

Web link http://www.irs.gov/pub/irs-pdf/p970.pdf

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