[Abawdnavigators] Taxability of Cares Act aid to students

[Kathi Medcalf]

Good News for our Students

From: Sonny Ramaswamy <sonny at nwccu.org<mailto:sonny at nwccu.org>>
Sent: Friday, May 8, 2020 8:34 AM
To: Sonny Ramaswamy <sonny at nwccu.org<mailto:sonny at nwccu.org>>
Subject: Taxability of CARES Act aid to students

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.

Great news. The IRS has now stated that such aid to students is not taxable. Yay!

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

Stay safe and have a wonderful weekend.



--
#CloseEquityGaps

Sonny Ramaswamy, President
Northwest Commission on Colleges and Universities
8060 165th Avenue NE | Redmond, WA 98052
Email: sonny at nwccu.org<mailto:sonny at nwccu.org>
Tel: 425-558-4224
URL: http://www.nwccu.org
Twitter: @NWCCUSonny




[Title: SBCTC logo - Description: Compass]Kathi Medcalf, M.S.Ed
Program Administrator: ABAWD, Workforce Education
Washington State Board for Community and Technical Colleges
1300 Quince Street SE | PO Box 42495 | Olympia, WA 98504-2495
P: (360) 704-1838     E: kmedcalf at sbctc.edu<mailto:kmedcalf at sbctc.edu>
                      Pronouns: She/Her



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