College academic scholarship designated for tuition and books - taxable?
Answer:
Qualified scholarships and fellowships are treated as non-taxable amounts if the following 3 criteria are met: Amounts you receive as a scholarship or fellowship are used for tuition and fees required for enrollment or attendance at the institution or for supplies, books and equipment required for courses of instruction.
The amount you receive is not payment for your services, since you are a candidate for a degree at a educational institution.
The amount you receive is not payment for your services, since you are a candidate for a degree at a educational institution.