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    antwan23's Avatar
    antwan23 Posts: 1, Reputation: 1
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    #1

    Apr 5, 2013, 05:13 PM
    School grant money transfer
    I received a grant for 7500 dollars it is tax free money.
    Do have to pay taxes on a money gram I am receiving coming from Virginia to Alabama
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 5, 2013, 06:39 PM
    No; there are NO transfer taxes in the United States.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Apr 5, 2013, 09:21 PM
    No, but who is this from, when you said money gram, all sorts of red lights came up, did you have to pay a fee for this ?
    The Junoo's Avatar
    The Junoo Posts: 44, Reputation: 1
    Junior Member
    		  
    #4

    Apr 6, 2013, 09:40 AM
    Most students will not need to claim their Grant on their taxes if the grant is used for legitimate school expenses such as tuition, textbooks, course fees and more. The general rule for Grant use is that if you use the grant money only for things required of everyone at your school, you do not need to claim the grant as income. If you use the money for non-qualifying expenses, however, you will need to claim the amount used as income. For example, if you get $4K in Grant money and use $500 for non-qualifying expenses and the rest for tuition, you must claim $500 as income on your tax return
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