What portion of a scholarship is taxable to a degree candidate at eligible institution

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What portion of a scholarship is taxable to a degree candidate at eligible institution

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Answer 1

Answer #1

Whole amount of scholarship will be tax free if the student is degree candidate at an eligible institute.

There are some exceptions too, which are as follows:-

The expenses are done only for education say , no expense is done for hostel etc.
The amount of scholarship received is not more than Qualified education expense.
The scholarship received is not in exchange for any services to be provided by student such as research etc.

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Answer 2

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