Surging Education Tax and Federal Student Tax Scam Targeting College Students

If you know of someone you care about in college, let them know about this scam the FBI has just warned the public about that targets higher education students. Fake “Education Tax” Scam This scam seems to play on the likely filing by a student that claimed an educational tax credit. The scammers are also … Read more

Paying for College: Are Scholarships Taxable?

Dear Carrie, My daughter was lucky enough to receive a significant college scholarship. Is this considered taxable income to her? And does her scholarship limit my ability to claim an education tax credit? — A Reader Dear Reader, First congratulations to your daughter — and to you. Her scholarship can be a significant financial boost … Read more