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Tax Treatment of Scholarship and Fellowship Payments
A scholarship or fellowship is tax-free (excludable from gross income) only if:
You are a candidate for a degree at an eligible educational institution.
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What is you are a candidate?
You are a candidate refers to someone who is running for a political position.
Who is required to file you are a candidate?
Anyone who wishes to run for a political position must file as a candidate.
How to fill out you are a candidate?
You can fill out the necessary forms and submit them to the appropriate election authorities to file as a candidate.
What is the purpose of you are a candidate?
The purpose of being a candidate is to run for a political position and potentially get elected to serve the people.
What information must be reported on you are a candidate?
Candidates must report personal information, campaign finances, and any potential conflicts of interest.
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