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Level 3
March 11, 2021
Question

Are grants given to Medicaid providers or general grants due to COVID taxable income for businesses? I know that the EIDL Grants are nontaxable but what about other Grants?

  • March 11, 2021
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1 reply

qbteachmt
Level 15
March 11, 2021

Was it one of these?

https://www.irs.gov/newsroom/cares-act-coronavirus-relief-fund-frequently-asked-questions

States are sometimes handling it differently.

 

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