Coach Taylor – Are There Any Tax Implications with Athletic Scholarships?
January 19th, 2010 - byCoach Taylor – What are the tax implications of receiving an athletic scholarship?
There aren’t many tax implications since grants are not considered as income. An athletic scholarship is the same as any other grant you would receive from a school and that money is directed toward costs, so there is no income. The only indirect implication is that the more grant money you receive, the less you spend on college and the less you can deduct from future tax returns.
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