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

[Joe Holliday]

WSSSC: This is good news, see below. Ha Nguyen will also be sending it to FAC and Cherie Berthon will send it to BAC.

                             [Joe]
[Compass]
Joe Holliday
Director, Student Services
Washington State Board for Community and Technical Colleges
jholliday at sbctc.edu<mailto:jholliday at sbctc.edu>• o: 360-704-4334 • f: 360-704-4418
sbctc.edu<https://www.sbctc.edu/> • Twitter: @SBCTCWashington<https://twitter.com/SBCTCWashington> • Facebook: @WASBCTC<https://www.facebook.com/wasbctc/>

SBCTC Vision:

“Leading with racial equity, our colleges maximize student potential and transform lives within a culture of belonging that advances racial, social, and economic justice in service to our diverse communities.”


From: Jan Yoshiwara <jyoshiwara at sbctc.edu>
Sent: Sunday, May 10, 2020 9:19 PM
To: Cherie Berthon <cberthon at sbctc.edu>; Carli Schiffner <cschiffner at sbctc.edu>; Ha Nguyen <hnguyen at sbctc.edu>; Joe Holliday <jholliday at sbctc.edu>
Subject: FW: Taxability of CARES Act aid to students

Good news!

Jan Yoshiwara
Executive Director
Washington State Board for Community and Technical Colleges

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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