Is a scholarship taxable if given to a trade school?


Is a scholarship taxable if given to a trade school?

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Scholarships given to Trade schools are not taxable. Because scholarship is a funding program to bring up the people who can study but cannot afford to study. Generally, scholarships are provided by the government agencies, as well as some corporate entities, Non Governmental agencies (NGO's). Social welfare organizations etc, at times individuals also provide scholarships as social responsibility which are tax exempted. Now let us get into what are different scholarships available for trade schools.

General Vocational Scholarship Like Bernard E.Dillon Vocational skill ScholarShip worth $1000.

California strawberry Scholarship for Strawberry workers children

Caroline E Holt Nursing Scholarship for Nursing and other Health Occupations worth $2500

Scholarship for Automotive Engineers in association with Ford Partnership for advanced studies in Automotive field worth $5000

International Association for Plumbing and Mechanical officials essay contest scholarship $1000

For more information about Is a scholarship taxable if given to a trade school, check out this article: What are some scholarships that are available for trade schools

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