how do I treat scholarship money as tax-free – The Burns Firm

Scholarships Are Usually Tax Free But May Result in Taxable Income

September 7th, 2021|Categories: Accounting, Burns Firm, CPA Dallas, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, IRS, Scholarships, Services, Tax, Tax Credits, Tax Deductions, Tax Planning, Tax Preparation, Tax Return, The Burns Firm|Tags: CPA Dallas, Dallas CPA, do I pay tax on money received as a scholarship, do I report scholarship money on my tax return, how do I treat scholarship money as tax-free, is scholarship money tax free, scholarship money, tax, tax preparer near me|

If your child is fortunate enough to be awarded a scholarship, you may wonder about the tax implications. Fortunately, scholarships (and fellowships) are generally tax free for students at elementary, [...]