Comments on: is the GI bill from he military considered a "taxable scholarship" according to the IRS? http://www.scholarshipsformilitary.com/scholarship-for-military/is-the-gi-bill-from-he-military-considered-a-taxable-scholarship-according-to-the-irs Register for Military Dependent Scholarship Tue, 07 Sep 2010 16:46:59 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Steven S http://www.scholarshipsformilitary.com/scholarship-for-military/is-the-gi-bill-from-he-military-considered-a-taxable-scholarship-according-to-the-irs/comment-page-1#comment-886 Steven S Tue, 10 Nov 2009 22:13:59 +0000 http://www.scholarshipsformilitary.com/scholarship-for-military/is-the-gi-bill-from-he-military-considered-a-taxable-scholarship-according-to-the-irs#comment-886 No - it doesn't count as income at all. A "taxable scholarship" is one that pays for more than just your classes, but the GI Bill is not considered a "scholarship" in the first place (its a federal grant).<br><b>References : </b><br>I am a licensed CPA with 5 years of tax prep experience that used the GI Bill to get through college No – it doesn’t count as income at all. A "taxable scholarship" is one that pays for more than just your classes, but the GI Bill is not considered a "scholarship" in the first place (its a federal grant).
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I am a licensed CPA with 5 years of tax prep experience that used the GI Bill to get through college

]]> By: jockiedgreat http://www.scholarshipsformilitary.com/scholarship-for-military/is-the-gi-bill-from-he-military-considered-a-taxable-scholarship-according-to-the-irs/comment-page-1#comment-885 jockiedgreat Tue, 10 Nov 2009 21:48:59 +0000 http://www.scholarshipsformilitary.com/scholarship-for-military/is-the-gi-bill-from-he-military-considered-a-taxable-scholarship-according-to-the-irs#comment-885 no. its a federal entitlement. its not even a scholarship. its a benefit bought into up until this very latest change. it will no longer be paid for by the member, it will be automatic.<br><b>References : </b><br> no. its a federal entitlement. its not even a scholarship. its a benefit bought into up until this very latest change. it will no longer be paid for by the member, it will be automatic.
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