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<p class="MsoNormal"><b>Good News for our Students<o:p></o:p></b></p>
<p class="MsoNormal"><b><o:p> </o:p></b></p>
<p class="MsoNormal"><b>From:</b> Sonny Ramaswamy <<a href="mailto:sonny@nwccu.org"><span style="color:#0563C1">sonny@nwccu.org</span></a>>
<br>
<b>Sent:</b> Friday, May 8, 2020 8:34 AM<br>
<b>To:</b> Sonny Ramaswamy <<a href="mailto:sonny@nwccu.org"><span style="color:#0563C1">sonny@nwccu.org</span></a>><br>
<b>Subject:</b> Taxability of CARES Act aid to students<o:p></o:p></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;color:black">Colleagues, recall a few weeks ago I sent you information on the question of taxability of the CARES Act aid to students, which came up even yesterday at the Virtual Town Hall conversations I have
been holding.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black">Great news. The IRS has now stated that such aid to students is not taxable. Yay!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"><a href="https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_1202191&cid=db&source=ams&sourceId=37599" title="https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_1202191&cid=db&source=ams&sourceId=37599"><span style="color:#0563C1">https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act?utm_source=Iterable&utm_medium=email&utm_campaign=campaign_1202191&cid=db&source=ams&sourceId=37599</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;color:black">Stay safe and have a wonderful weekend.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">-- <o:p></o:p></p>
<p class="MsoNormal"><span style="color:#2F5597">#CloseEquityGaps<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Sonny Ramaswamy, President<o:p></o:p></p>
<p class="MsoNormal">Northwest Commission on Colleges and Universities<o:p></o:p></p>
<p class="MsoNormal">8060 165th Avenue NE | Redmond, WA 98052<o:p></o:p></p>
<p class="MsoNormal">Email: <a href="mailto:sonny@nwccu.org"><span style="color:#0563C1">sonny@nwccu.org</span></a><o:p></o:p></p>
<p class="MsoNormal">Tel: 425-558-4224<o:p></o:p></p>
<p class="MsoNormal">URL: <a href="http://www.nwccu.org"><span style="color:#0563C1">http://www.nwccu.org</span></a>
<o:p></o:p></p>
<p class="MsoNormal">Twitter: @NWCCUSonny <o:p></o:p></p>
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Medcalf, M.S.Ed<span style="font-family:"Franklin Gothic Medium",sans-serif;color:#003764"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:8.0pt;font-family:"Century Gothic",sans-serif;color:#2C86A6">Program Administrator: ABAWD, Workforce Education<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:7.0pt;font-family:"Century Gothic",sans-serif;color:#1F497D">Washington State Board for Community and Technical Colleges<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:7.0pt;font-family:"Century Gothic",sans-serif;color:#1F497D">1300 Quince Street SE | PO Box 42495 | Olympia, WA 98504-2495<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:7.0pt;font-family:"Century Gothic",sans-serif;color:#1F497D">P: (360) 704-1838 E:
</span><u><span style="font-size:7.0pt;font-family:"Century Gothic",sans-serif;color:blue"><a href="mailto:kmedcalf@sbctc.edu">kmedcalf@sbctc.edu</a></span></u><span style="font-size:7.0pt;font-family:"Century Gothic",sans-serif;color:#1F497D">
<o:p></o:p></span></p>
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