Not only can't students deduct that-
Tue Dec 5, 2017 3:54pm

Grants and scholarships are to be considered taxable income. Hits graduate level study hardest.

Godd Damnn Trump.

  • Plenty Of Examples Exist...Amadeus, Tue Dec 5 3:02pm
    ...that demonstrate the impact this is going to have on people. Like students who no longer get to deduct their tuition waivers. Just look online. And look at what it is going to do to the deficit.... more
    • Not only can't students deduct that- — Pikes, Tue Dec 5 3:54pm
      • clarification neededDeplorable Pheoma, Wed Dec 6 11:54am
        I'd never thought about this before, so I did a little research. According to IRS pub 17 http://www.irs.gov/pub/irs-pdf/p17.pdf page 97 In reference to misc income " Scholarships and fellowships . A... more
        • UncertainPikes, Wed Dec 6 12:33pm
          I know the rules are changing, and before the Senate these shifted back and forth a lot. So what ends up in the bill and law if it becomes that is unclear. But my understanding is some are trying to... more
          • Thanks for the linkDeplorable Pheoma, Wed Dec 6 4:11pm
            From my reading of the article, it doesn't mention the taxation of scholarships at all..... Never knew there were so many tax breaks and credits for going to school. What a mess our tax system is.... more