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Qj

Qj

1. Students who pay out-of-pocket tuition are able to deduct the amount, so it should not be taxable for those who are rewarded scholarships.

Is this correct?— one paragraph response with one reference.

2.Muni interest income is typically tax exempt on the federal 1040 but interest income on debt securities issued by the US is taxable. Why?? — one paragraph response with one reference