Changes Needed in the Tax Laws Governing the Exclusion for Scholarships and Fellowships and the Deduction of Job-Related Educational Expenses
GGD-78-72
Published: Oct 31, 1978. Publicly Released: Oct 27, 1983.
Skip to Highlights
Highlights
Section 117 of the Internal Revenue Code allows tax exemptions for amounts received as a scholarship or fellowship grant at an educational institution, and Treasury Regulations, section 1.162-5, allow the deduction of educational expenses if they qualify as ordinary and necessary business expenses.
Full Report
Office of Public Affairs
Topics
Education or training costsEducational grantsGrantsIncome taxesScholarship programsTax exempt statusTax lawTax sheltersTaxpayersCompensation