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Are students required to pay taxes on fellowship funds they receive?

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Are students required to pay taxes on fellowship funds they receive?

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Depending on how their funds are used students may or may not have to pay taxes on it. Normally it is not reported for tuition and fees, however if used for living expenses it is taxable. Students should consult with a tax professional or check publication 970 from the IRS website http://www.irs.gov/ for more information.

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