What Are the Tax Consequences of a State Grant?

Many family child care providers received money from the State of Colorado in 2020.

  • It may have been called a grant, stipend, emergency relief funds, CARES funding, or some other name.
  • It may have been a one-time payment or reoccurring payments.
  • It may have been in the form of supplies or equipment.

What are the tax consequences of receiving money or supplies/equipment from your state?

Read Tom Copeland’s blog HERE.

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