How should CARES stipend recipients claim the stipends on their tax returns?
CARES recipients should claim the stipend as “other income.” (Box #3 on the IRS form.) In January, a 1099 form will be sent to the home address of each CARES recipient who received a stipend of $600 or more. It is the responsibility of the CARES recipient to notify the partner agency of any change of address to ensure that all proper information reaches the CARES recipient in a timely manner.
