[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-131":3},{"rec_id":4,"title":5,"text":6},"131","Is my scholarship or grant taxable?","Scholarships and grants aren't taxable if you use them for tuition, fees, books, supplies, or equipment required for your classes at a qualified school. \n\u003Cbr>\u003Cbr>\nIf your total scholarships and grants are more than your total \u003Ca href=\"/freefile2025/answers?faq=67\">qualified education expenses\u003C/a>, the scholarships and grants that exceed your education expenses are taxable. For example, if your total scholarships and grants are $10,000 and your total education expenses are $8,000, then $2,000 ($10,000 - $8,000) of your scholarships and grants is taxable. In this scenario, you could benefit by allocating some of your scholarships or grants to \u003Ca href=\"/freefile2025/answers?faq=5912\">room and board\u003C/a>, which still includes it in income, but could qualify you for the education credits.\n\u003Cbr>\u003Cbr>\nIf a scholarship or grant is taxable, you'll usually get a \u003Cspan style=\"white-space: nowrap;\">\u003Ci>W-2\u003C/i>\u003C/span> showing the taxable amount. If you didn't get a \u003Cspan style=\"white-space: nowrap;\">\u003Ci>W-2\u003C/i>\u003C/span>, just enter the amounts you used for expenses other than tuition and course-related expenses. For instance, amounts spent on room, board, and travel count as taxable income.\n\u003Cbr>\u003Cbr>\nIf you received a \u003Ci>Form 1098-T\u003C/i>, you may qualify for an education credit. You'll enter the amount in \u003Ci>Box 5\u003C/i> on the \u003Ci>College Tuition Expenses (Form 1098-T)\u003C/i> screens (Menu Path: \u003Ci>Deductions/Credits > Common Deductions/Credits > College Tuition (1098-T)\u003C/i>). \n\u003Cbr>\u003Cbr>\nIf you didn't receive a \u003Ci>Form 1098-T\u003C/i> or don't qualify for an education credit, you should enter your taxable scholarships on the \u003Ci>Other Sources of Income\u003C/i> screen (Menu Path: \u003Ci>Income > Uncommon Income > Other Income\u003C/i>).\n\u003Cbr>\u003Cbr>\nMoney received for post-doctoral fellowships or stipends are typically considered taxable if you're not a candidate for a degree.\n\u003Cbr>\u003Cbr>\n\u003Ca href=\"/freefile2025/answers?faq=12290\">How do I report fellowship grants that aren't on a Form W-2?\u003C/a>",1777391529410]