<p>With people getting their financial aid packages I though it would be a good time to post a link with information regarding the taxability (is that a word) of scholarships etc - it varies depending on what the money is used for. e.g. Momey used to pay for room and board is taxable. Better to check out this info now rather than get an unwelcome surprise next April. Pages 4-6 are about scholarships/grants. Interesting info about how to report 529 account withdrawals etc.</p>
<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf</a></p>