Please help me out here?
IS THERE GRANT MONEY THAT U HAVE TO PAY TAX ON IF YOU ARE NOT IN A TAX FREE STATE?13 months ago - 1 answers
It depends on the terms of the grant, and it depends on what you use the money for.
In many cases, educational grant money is meant to cover the cost of tuition and associated fees. If you wind up with cash left over after all your educational expenses are covered, the remainder of the money is taxable income.