I received an academic scholarship that is designated to be used
for tuition and books. Is this taxable?
Qualified scholarships and fellowships are treated as tax-free amounts
if all of the following conditions are met:
You are a candidate for a degree at an educational institution,
Amounts you receive as a scholarship or fellowship are used for tuition
and fees required for enrollment or attendance at the educational institution,
or for books, supplies, and equipment required for courses of instruction,
and
The amounts received are not a payment for your services.
For additional information on Scholarship and Fellowship Grants, refer
to Tax Topic 421, and Publication 970, Tax Benefits
for Education .
