You pay tax twice on 'free' subsidy money

You pay tax twice on 'free' subsidy money

HomeGrant ChatterYou pay tax twice on 'free' subsidy money
You pay tax twice on 'free' subsidy money
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This video and the links below explain when tax is due on subsidy money.

Articles on subsidies and taxes for small businesses:
(1) https://www.nerdwallet.com/article/small-business/are-business-grants-taxable
(2) https://lanterncredit.com/small-business/grants-taxable-for-businesses

An article about subsidies and taxes for nonprofits:
(1) https://www.instrumentl.com/blog/can-nonprofit-grants-be-taxed

Articles on scholarships and taxes:
(1) https://www.irs.gov/taxtopics/tc421
(2) https://www.jacksonhewitt.com/tax-help/tax-tips-topics/education/received-scholarship/

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