[BFET] FW: Taxability of CARES Act aid to students

[Jennifer Dellinger]

Good Morning BFET Team,

Forwarding the link to the article stating that the IRS will not count aid form the CARES Act as taxable for students!

This is seriously great news for students! ☺ ☺

Kindly,


[Compass]Jennifer Dellinger
Program Administrator
Washington State Board for Community and Technical Colleges
Email: jdellinger at sbctc.edu<mailto:jdellinger at sbctc.edu> ∙ Office: 360.704.3925

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From: GuidedPathways <guidedpathways-bounces at lists.ctc.edu<mailto:guidedpathways-bounces at lists.ctc.edu>> On Behalf Of Kristi Wellington Baker via GuidedPathways
Sent: Monday, May 11, 2020 9:19 AM
To: guidedpathways at lists.ctc.edu<mailto:guidedpathways at lists.ctc.edu>
Subject: [GuidedPathways] FW: Taxability of CARES Act aid to students

Great news for students!

“I did then what I knew how to do. Now that I know better, I do better.”
― Maya Angelou

Kristi Wellington-Baker | Student Success Center Director
Pronouns: She/Her/Hers
Washington State Board for Community & Technical Colleges
1300 Quince St SE | PO Box 42495
Olympia, WA 98504-2495
p: 360.704.1022 | c: 509.301.8466 | kwellingtonbaker at sbctc.edu<mailto:kwellingtonbaker at sbctc.edu>
sbctc.edu<https://www.sbctc.edu/> • Twitter: @SBCTCWashington<https://twitter.com/SBCTCWashington> • Facebook: @WASBCTC

Link to: COVID-19 REMOTE LEARNING RESOURCES<https://www.sbctc.edu/colleges-staff/programs-services/student-success-center/remote-learning-resources.aspx>

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


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