03-08-2005, 09:17 AM
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 Re: Full Tuition Scholarship "E Jones" <earl_jonesx[at]usax.net> wrote: - quote - > My son is a college freshman, and has received a full
You probably haven't felt so good about being wrong in> tuition scholarship. I realize the value of this must be > reported as income, years. Tuition scholarships aren't taxable income. See Publication 970 -- Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
03-07-2005, 09:29 AM
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| Full Tuition Scholarship My son is a college freshman, and has received a full tuition scholarship. I realize the value of this must be reported as income, but should there not be a corresponding deduction so that the net income effect (and therefore tax liability) goes to zero? The scholarship is well above the $4000 deduction for educational expenses that is often mentioned here. I am using "Tax Cut" software and cannot find the right places to enter the tuition expenses. Thanks. - Earl << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| full, scholarship, tuition |
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