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Get your taxes done using TurboTax
Grandma's usually give nontaxable gifts. A local civic group just gives and it may be taxable. Tax Topic 421 taxation and reporting of scholarships, fellowships and other grants explains what is taxable or not and how to report.
You need to determine if you qualify for an education credit or not as that also influences who files what. The IRS has a great brochure that explains how scholarships and tax credits interact.
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March 19, 2025
8:40 AM
1,497 Views