Must I report the scholarship award on my taxes?
Tax laws vary by country. In the United States, scholarship funds used exclusively for the payment of tuition or textbooks are normally not taxable. The scholarship recipient is responsible for taxes, if any, that may be assessed against your scholarship award. AOTF does not presume to provide tax information. For tax questions please refer to a Certified Public Accountant (CPA) or accredited tax preparer. You may also counsult IRS Publication 970 for further information (http://www.irs.gov/taxtopics/tc421.html).
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