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Old 09-20-2013   #91
infantrycak
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Default Re: Foster admits to taking money in college

Quote:
Originally Posted by 2012Champs View Post
They aren't 1099'd for the benefits so it wouldn't really matter what they made a year. Johnny football could have 50k in income from his investments and his college benefits wouldn't factor into his taxes.

Here is an interesting article on the topic
http://m.thinkadvisor.com/2013/08/27...uldnt-get-paid
Well here is another article - Link

So parts are tax free and parts, including room and board, are not.
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