Tax question in regards to grad school

Discussion in 'Community Discussion' started by dukebound85, Jan 29, 2011.

  1. dukebound85, Jan 29, 2011
    Last edited: Jan 29, 2011

    dukebound85 macrumors P6


    Jul 17, 2005
    5045 feet above sea level
    Hi all. I have a quick tax question for those that may have been in a similar situation. For any of those that get their tuitioned waived by the program of study, did you pay taxes on that tuition amt when it came time to file? In other words, does the IRS view tuition being paid for the student on behalf of their advisor as income?

    Thanks as I am trying to budget for any owing I may have to shell out

    Edit: I am a US citizen in the US for school
  2. Rodimus Prime macrumors G4

    Rodimus Prime

    Oct 9, 2006
    if it is anything like scholarships for athletes the rules are..
    Tuitions and books are tax free.
    Living expenses is consider taxable income.
  3. NickZac macrumors 68000


    Dec 11, 2010
    I don't think so...if it is, I am outright ****ed.
  4. snberk103 macrumors 603

    Oct 22, 2007
    An Island in the Salish Sea
    Here is a good place to start - it's some documents re: tuition on the CCRA website....

    ps you may want to specify which country in your title - 'edit' then 'advanced'. Else you may get some more snarky comments.... :)

    pps your school should be able to provide this info. They'll have had some experience with it.
  5. ender land macrumors 6502a

    Oct 26, 2010
    I believe this is true for any scholarship you receive from a higher education.

    You should have received or have access to a 1098 form from your school which will help you figure this out too I believe.

    I'm hesitant to say much more simply because although I'm also a grad student in a similar position I really do not want to advise someone in something as serious as taxes and not be 100% sure about it :)

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