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The Podium

Tuesday, March 09

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The Tax Man

By Bruce

With broadband stimulus funds slowly making their way to applicants, a new wrinkle has emerged that may slow down recipients putting the money to good use. As Phone Plus reports, it comes down to the question of taxes:

[I]f the government doesn’t clarify whether the grants are considered taxable income, onlookers fear recipients won’t use the money any time soon – defeating the purpose of the 2009 American Recovery and Reinvestment Act.

When asked whether recipients would be taxed on the stimulus funds, the Treasury Department reportedly offered no concrete answer. Stay tuned…

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Tags: broadband stimulus, national broadband plan, treasury department, taxes

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