TN 13 (06-92)

Citations:

Act, Sec. 209(a)(17) .

A. INTRODUCTION

These grants are made by nonprofit organizations of the type described in sec.  501(c)(3) of the IRC, the U.S. Government, instrumentalities or agencies of the U.S., States, foreign governments, etc. They are made to individuals to further their education and training by scholastic or research work, or to organizations to do research work, engage assistants and or meet other expenses in connection with a research project.

B. POLICY

A grant excluded from income tax under sec. 117 of the IRC is excluded from wages for Social Security purposes.

C. REFERENCE

See RS 01901.740.