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Are scholarships and fellowships taxable?

April 26, 2017fellowships scholarships taxable

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Are scholarships and fellowships taxable?

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Only scholarship and fellowship payments that meet IRS requirements of “qualified education expenses” (for example tuition and required fees) would be considered tax-free. IRS Publication 970 defines the types of scholarship and fellowship payments that are both taxable (non-qualified) and tax-free (qualified). For more information, you should refer the student to Education Tax Benefits.