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Anything an AmeriCorps Member should be aware of?

April 26, 2017AmeriCorps

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Anything an AmeriCorps Member should be aware of?

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The recipient of an AmeriCorps Educational Voucher is responsible for taxes on the award in the year it is used, not in the year it is earned. When the voucher is used, the recipient will want to make sure that their tax accountant applies the Hope Educational Tax Credit to minimize any tax. You need to be careful as to how the educational award is reported on your Financial Aid (FAFSA) form.