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Do I have to pay taxes on the grant proceeds? Yes. Prior to February 15, 2022, you will receive tax information related to the grant proceeds, which you will need to report on your tax returns. Please consult with a tax professional for additional information.
Grant-In-Aid (GIA) is an appropriation made by the General Assembly to support the activities of non-profit organizations that provide services to the citizens of Delaware. The purpose of this funding is to provide supplemental funding to service agencies and should not be construed as a sole source of funding. Grant in Aid Home - Delaware General Assembly delaware.gov ? GrantinAid ? Home delaware.gov ? GrantinAid ? Home
Are DE Relief Grants taxable income? DE Relief Grants are not expressly excluded from being considered taxable income, but businesses should consult their tax advisor or accountant for clarification on this. DE Relief Grants Expense Reporting - Delaware Division of Small Business delaware.gov ? uploads ? sites ? 2021/08 delaware.gov ? uploads ? sites ? 2021/08