Do You Have to Pay Taxes on Scholarships?
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Do You Have to Pay Taxes on Scholarships?

Dec 13, 2025

Key Takeaways  Scholarships and grants are generally tax-free when applied to qualified education expenses, including tuition, required fees, books, and course-related supplies or equipment.  Non-qualified expenses, such as room and board, travel, and personal items,...

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IRS Interest Rates Hold Steady for Q1 2026 
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IRS Interest Rates Hold Steady for Q1 2026 

Dec 12, 2025

The Internal Revenue Service (IRS) has announced that interest rates will remain unchanged for the first quarter of 2026, beginning January 1. These rates, effective through March 31, 2026, are...

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Are Tips Taxed Under the Big Beautiful Bill?  Optima Tax Relief
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Are Tips Taxed Under the Big Beautiful Bill?  Optima Tax Relief

Dec 9, 2025

Key Takeaways  The Big Beautiful Bill creates a temporary federal income tax deduction for qualified tip income, effective January 1, 2025, through December 31, 2028.  Eligible workers can deduct up to...

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