Simply check if that grant money is only enough for paying tuition fees. How to know your scholarship money is taxable or notify you to get scholarship money, then how you will know that is this money taxable or not. There are some terms and conditions that if you got scholarship money more than your educational needs then you have to pay tax on that extra money. These public servants spend all their life on serving the country and countrymen. They charge a fee to pay salaries to all civil servants are working for us, for all citizens. Tax is necessary for the government to run the country. When you will know that you have to pay a considerable amount as tax to the department. What big in it, whenever we are awarded a scholarship, we got so happy that now we can enjoy this money free education. We become delighted, but what? You have to pay tax on it.īecause all money you get in scholarship or the name of the grant is income for you. How Scholarship & Grants Affect Your Taxes
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |