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niljow98
New Member

Does receiving coronavirus relief aid from fafsa count as CARES act?

 
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DMarkM1
Expert Alumni

Does receiving coronavirus relief aid from fafsa count as CARES act?

Yes, if you are refering to Emergency Higher Education Financial Aid Grants.  Those funds are not included in your gross income.  You should not get a form 1099 for those payments and thus you will not report them on your tax return.  Here is the IRS News Release.   

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