Maria graduated from a state university. This year she received an academic grant (scholarship) of $10,500 ($7,000 for tuition payment ( tuition) and related fees and $3,500 for college housing (housing) expenses and a graduation grant of $6,000. What is the amount Maria should report on her tax return?

Answer rating: 100% (QA)

The taxability of scholarships and grants can depend on various factors including the specific terms ... View the full answer