If you are not sure if your scholarship is taxable, ask the organization award sponsor, or contact the IRS (www.irs.gov
). Ordinarily, if a full- or part-time student has an award that covers tuition and fees or book, supplies and equipment for required courses, the scholarship is considered tax-free. A taxable scholarship is an award used to cover room & board, research, travel, or other non-course related expenses. If you have a taxable scholarship, you will need to report the scholarship to the IRS; however, if it is tax-free you do not have to report the award.