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brimba
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Scholarship is more than expenses but did not receive money as refund, do i have to claim it as income

 
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Scholarship is more than expenses but did not receive money as refund, do i have to claim it as income

Yes, if financial aid (scholarships, grants) exceed qualified educational expenses, the difference is taxable income even if you were not given money for a refund.

Make sure to claim all Qualified Education Expenses


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Scholarship is more than expenses but did not receive money as refund, do i have to claim it as income

Yes, if financial aid (scholarships, grants) exceed qualified educational expenses, the difference is taxable income even if you were not given money for a refund.

Make sure to claim all Qualified Education Expenses


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