FYI: Educational Assistance Income for Cash and Food Stamp Benefits

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DTA

Educational assistance (loans, grants, scholarships, etc.) are not counted as income until actually received by the student, and then must be averaged over the period that it covers and counted accordingly. An example in the FYI shows that the combination of these two rules sometimes results in part of the assistance being disregarded.

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TAug00_FYI_Educational_Asst_Income.pdf (64.83 KB) 64.83 KB