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Emergency Student Aid as Part of Virus Relief Not Taxable: IRS

May 7, 2020, 8:09 PM

Grants for unexpected housing and food expenses resulting from campus closures due to the coronavirus pandemic are not includible in gross income, according to IRS.

  • Link to statement here
  • NOTE: College groups had asked Congress to clarify that emergency grants would not be taxed

To contact the reporter on this story:
Andrew Kreighbaum in Arlington at akreighbaum2@bloomberg.net

To contact the editors responsible for this story:
Kasia Klimasinska at kklimasinska@bloomberg.net

Teaganne Finn, Kim Chipman

© 2020 Bloomberg L.P. All rights reserved. Used with permission.

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