Priority When Are Scholarships And Grants Taxable References
Priority When Are Scholarships And Grants Taxable References. However, every scholarship, grant or fellowship might be taxable if they are considered income. But if the donor awards a grant or scholarship that covers a student’s housing and meal plan expenses, the scholarship is considered taxable income to the recipient.

Suppose you receive a scholarship worth $10,000 but the qualified expenses at the school you want to attend only total $8,500. A company scholarship may or may be taxable. According to the irs rules for scholarship.