One of the most common questions among military families is about MyCAA tax information. Fortunately, MyCAA tax info is relatively straightforward. Since MyCAA funding is classified as a scholarship, it is not taxed. This means that you will not owe any MyCAA taxes during or after your education through the fund.
Even though the MyCAA tax info might seem simple, it is important to note that the funds can be locked. If the military spouse fails or withdraws from a course that the government paid for through MyCAA, the account can be suspended. This means that the spouse will not be able to use further MyCAA funding until they meet for education counseling through the Spouse Education and Career Opportunities department.
Talk to a MyCAA Education Consultant Today
They’ll answer all your questions about the grant, our programs, and enrollment process.