Search Results: keywords:"americorps educational awards"

  • S. 3487 — To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
    Status:Introduced in Senate
    Words:390

    S. 3487 aims to change the Internal Revenue Code of 1986 so that AmeriCorps educational awards are not counted as part of a person's gross income, meaning recipients won't have to pay taxes on these awards. The bill also proposes that any student loan debt forgiven through...

    Simple Explanation

    The bill wants to change the rules so that when someone receives money for education after helping their community through AmeriCorps, they don't have to pay taxes on it. It also says if someone has their student loans forgiven because of their national service, they won't have to pay taxes on that either.

  • H. R. 6759 — To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
    Status:Introduced in House
    Words:368

    H. R. 6759 aims to amend the Internal Revenue Code of 1986 to make AmeriCorps educational awards exempt from being counted as gross income for tax purposes. The bill proposes to modify specific sections of the tax code so that individuals receiving these awards or having...

    Simple Explanation

    This bill wants to make a change to the tax rules so that when people earn a special kind of scholarship from AmeriCorps to pay for their education, they won't have to pay extra money to the government because of it. This would mean they get to keep more of their scholarship money to use for school.