March 2016 Newsletter March Madness! Happy March Madness! If you are the parent of a high school senior, March Madness has a new exciting definition. This March you’ll be scrambling to finish your taxes early, update your FAFSA application, plus send tax returns, special financial circumstances explanations and more to your private colleges. By the end of March, you’ll know all your college acceptances and financial aid awards and be down to your…

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First, congratulations on winning that scholarship! This is a great question, especially now that it’s tax time. Scholarships are generally considered “free money” and not taxed. But…We’re talking about taxes, so there are exceptions. Let’s take a quick look at which situations are taxable and which are not. Non-Taxable Scholarships Scholarships, grants and fellowships are…

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