Are scholarships taxable income 2024?
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Works at Facebook, Lives in Menlo Park. Holds a degree in Psychology from University of California, Los Angeles (UCLA).
Your scholarship may or may not be taxable. Generally speaking, a scholarship or fellowship is tax free if you are a degree candidate and the award is used to pay for tuition and required fees, books, supplies and equipment, however there are some scholarship and fellowship opportunities that are not tax exempt.
2023-05-12 00:39:12
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Lucas Brown
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Your scholarship may or may not be taxable. Generally speaking, a scholarship or fellowship is tax free if you are a degree candidate and the award is used to pay for tuition and required fees, books, supplies and equipment, however there are some scholarship and fellowship opportunities that are not tax exempt.