Q: Is Scholarship or Fellowship Grant Taxable?
If you are a candidate for a dgree, you can exclude amounts you receive as a qualified scholarship or fellowship. However, amounts used for room and board do not qualify. All other items-including income such as wages, salaries and tips as a teaching assistant or library/cafeteria helper, etc.-must be included in your income, unless it is specifically excluded by law.

02/07/2009 11:57:57

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