35 Miss. Code. R. 3-02-09-103
Current through October 31, 2024
Gross income does not include scholarship or fellowship grants when the funds are used for qualified education expenses. Qualified education expenses include tuition and fees required for enrollment or attendance at the education institution, or books, fees, supplies, and equipment required for courses at the educational institution. Scholarship or fellowship funds used for non-qualifying expenses are taxable. Non-qualifying expenses include, but are not limited to, living and incidental expenses such as room and board, travel, clerical help, research, non-required books and optional equipment.
35 Miss. Code. R. 3-02-09-103