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If I get a grant, do I have to pay tax on it?
Author: Ariele Gregerson
Website: http://www.About-Grants.com
Added: Sun, Oct 1, 2006 11:57:42
Category: Grant Questions
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Tax on approved grants depends on the purpose for which you are using it. For instance, if you will be using the grant money for funding a money-making project, expect to taxes on your profit, but not on the grant money.
On the other hand, if the grant money is intended for non-profit purposes, you should not be paying any taxes on it.
keywords: Grant | Grants | Financial Aid | Funding | Tax | Taxes About the Author:
Ariele Gregerson answers frequently asked grant questions at PrettyGreatAnswers.com.
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