Yes, all payments made using the Segal AmeriCorps Education Award are subject to federal tax in the year each payment is made. The award is considered taxable income regardless of whether it is used to pay current educational costs or to repay qualified student loans. Please note that taxes are due only in the year in which the payment is made, not the year the award is earned.
Please visit the Resources page on Relay’s AmeriCorps website and navigate to Tax Info under Segal Education Award to read more about Segal AmeriCorps Education Award tax implications.