Is my scholarship or grant taxable?
Scholarships and grants are not taxable if used for tuition, fees, books, supplies, or equipment required for your classes at a qualified school.
If a scholarship or grant is taxable, you will generally receive a W-2 (W2) with the taxable amount on it. If you didn't receive a W-2 (W2), enter the amounts you used for course related expenses and expenses other than tuition. For example, amounts used for room, board, and travel are taxable income.
If a scholarship or grant is taxable, you will generally receive a W-2 (W2) with the taxable amount on it. If you didn't receive a W-2 (W2), enter the amounts you used for course related expenses and expenses other than tuition. For example, amounts used for room, board, and travel are taxable income.
