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Question

Must state and federal taxes be taken from academic grants awarded through private universities? The type of grant I am refering to specifically was awarded in order to pay for academic research.

Submitted: 1970 days and 3 hours ago.

Category: Tax

Value: $1

Status: AWAITING CUSTOMER ACTION

Answer

If you are a degree candidate, and it is totally used for research, then it is federally taxed.

Indiana offers a Research Credit for businesses only.

If your situation involves something else, feel free to contact me. I can be reached at ExpertAsk or at my web site.

Accepts:
Expert:	Paul Taliefero
Pos. Feedback:	97.9 %
Answered:	7/2/2004

Enrolled Agent

19 years of experience in income taxes

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Tax

Have your own Tax question?

Question

Must state and federal taxes be taken from academic grants awarded through private universities? The type of grant I am refering to specifically was awarded in order to pay for academic research.

Answer

If you are a degree candidate, and it is totally used for research, then it is federally taxed. Indiana offers a Research Credit for businesses only. If your situation involves something else, feel free to contact me. I can be reached at ExpertAsk or at my web site.

Related Tax Questions

If you are a degree candidate, and it is totally used for research, then it is federally taxed.

Indiana offers a Research Credit for businesses only.

If your situation involves something else, feel free to contact me. I can be reached at ExpertAsk or at my web site.