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Education
Q. Can I (and my dependent child) choose to NOT report the $1,500 excess as taxable income in the year it was awarded if the excess definitely will be used for tuition for the following academic year at a 4 year college?
A. No. Grants/scholarships must be matched with expenses , in the year it was received.
‎April 9, 2024
3:12 PM
3,405 Views