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 only the amounts you used for expenses other than tuition and course-related expenses. For example, amounts used for room, board, and travel are taxable income.

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