Are Scholarships Taxable? What Section 117 Actually Says
Scholarship money spent on tuition and required books is tax-free under Section 117; room, board, and service-conditioned stipends are taxable income.
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Education
Educational technology, learning tools, and managing education-related finances
American Opportunity vs. Lifetime Learning: Which Education Credit Pays a Business Owner More for a Kid in College, Grad School, or a Skills Course
IRS rules: the AOTC pays up to $2,500 per undergrad and is 40% refundable; the LLC pays up to $2,000 per return for grad school and skills courses.
Certified Bookkeeper vs. Certified Public Bookkeeper: How the AIPB and NACPB Credentials Compare on Cost, Exams, Experience, and Whether Clients Actually Pay More for the Letters
AIPB's CB is the budget self-study path with proctored exams; NACPB's CPB license costs more with coursework. Pick by budget, background, and learning style.
Coverdell ESA vs. 529 for Business Owners: Contribution Limits, Phaseouts, and Which Account Fits
Coverdell ESAs cap at $2,000 per child with IRS income phaseouts; 529s have no income limits and far higher caps. Pick by income, K-12 needs, and control.
Pay Their Tuition or Medical Bills Directly and Owe Zero Gift Tax: How the Section 2503(e) Exclusion Works
IRS Section 2503(e) excludes direct tuition and medical payments from gift tax entirely — no cap, no Form 709, and room and board don't qualify.
Got a 1099-Q for a 529 Withdrawal? Here's Who Owes Tax and How Boxes 1, 2, and 3 Work
IRS Form 1099-Q Box 1 is your total 529 distribution, Box 2 the possibly taxable earnings, Box 3 tax-free basis — and tax follows the recipient's SSN.
Paying for College With Savings Bonds? How the Education Exclusion Makes EE and I Bond Interest Tax-Free
EE and I bond interest is federal-tax-free for college tuition — unless the bonds were ever in your child's name. Form 8815 rules and 2026 limits.
Living on a Fellowship or Research Stipend? What the IRS Taxes, What It Doesn't, and How to Report It With No W-2
Fellowship stipends spent on living expenses are taxable under Section 117 — report them on Schedule 1, line 8r and pay quarterly estimates.
Which Scholarships Are Taxable? Tuition, Room and Board, Stipends, and Required Service
Under IRS Topic 421 a scholarship is tax-free only for tuition and required course costs; room, board, travel, and required-service stipends are taxable.
CPR and First-Aid Training Business Bookkeeping: Equipment Costs, Card Fees, and Pricing That Holds Margin
AHA eCards run $11.50–$22.50 per student, so a $75 US first-aid seat nets under $49. Price CPR classes off the per-student stack and book cards as COGS.
Teaching CPR for a Living: The Real Economics of a CPR Training Business
AHA eCards run $6–7 for BLS but about $20 for a Heartsaver combo — price each US course from its own cost card, not one flat seat price.
PTA and PTO Treasurer Bookkeeping: The Fund-Accounting Playbook Every Volunteer Parent Group Needs
Miss three straight Form 990 filings and the IRS revokes your PTA or PTO exemption automatically — here is the treasurer playbook that prevents it.