Tax question

[tubsinabs]

<p>If I don't make enough money to file taxes and my parents still claim me as dependent, if I get scholarships, do I have to file my own taxes, or do my parents put the scholarship money on their taxes?</p>

[MrMom62]

<p>Generally speaking, scholarships are not taxable, but there are exceptions. Here’s one result of a Google search:</p>

<p>

Generally speaking, a scholarship or fellowship is tax free if you are a degree candidate and the award is used to pay for tuition and required fees, books, supplies and equipment. Any amounts used to pay for room and board and a stipend for living expenses is taxable.

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