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In most cases, college scholarships are not taxable. Read on to learn more about whether scholarships are taxable and if so, how to prepare for this unexpected expense. Are scholarships taxable?
If your teen received any scholarship money or grants to attend a college or university, you might be wondering if that income is taxable. As with so many things related to teenagers and taxes, the...
The IRS Grants 6-Month Extensions If you can’t complete your returns by Tax Day, you can request an automatic extension with Form 4868 . You’ll get a six-month reprieve through Oct. 15 — but ...
Form 1098-T for the 2016 tax year. Form 1098-T, Tuition Statement, is an American IRS tax form filed by eligible education institutions (or those filing on the institution's behalf) to report payments received and payments due from the paying student. The institution has to report a form for every student that is currently enrolled and paying ...
In the United States, scholarship tax credits, also called tax credit scholarships, education tax credits or tuition tax credits, are a form of school choice that allows individuals or corporations to receive a tax credit from state taxes against donations made to non-profit organizations that grant private school scholarships. At the start of ...
The Jack Kent Cooke Foundation has awarded more than $175 million in scholarship assistance to nearly 2,300 high school and college students. Cooke College Scholars and Undergraduate Transfer Scholars can receive up to $40,000 annually to cover tuition, living expenses, books and fees. In addition, the students who hold these scholarships are e