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Education
Generally, scholarships aren't taxable if used to pay tuition and school-related expenses. However, sometimes they may be taxable if you have excess money that is used to cover room or board, utilities, and other non-qualified expenses.
You can use a 529 plan to pay for qualified room and board expenses like rent, and other housing costs.
Are my scholarships, fellowships, or grants taxable?
Taxes for Grads: Do Scholarships Count as Taxable Income?
Middle Class Scholarship
March 11, 2025
6:59 AM
1,698 Views