seashoreCM
All around nice guy.
- Joined
- Aug 25, 2001
- Messages
- 23,474
Even if the scholarship or grant is not tax free, there may still be some tax savings.
The scholarship or grant is not wages, not tips, not business income and not self employment income. So no social security tax, no FICA tax, and no self employment tax would be imposed on it. It would not be added to a Schedule C or a schedule SE.
The scholarship or grant is not wages, not tips, not business income and not self employment income. So no social security tax, no FICA tax, and no self employment tax would be imposed on it. It would not be added to a Schedule C or a schedule SE.
