Does a student with minimal income (11K) need to pay taxes on scholarships and grants if they cover tuition?

hesparza33 · ‎June 4, 2019

Vanessa · ‎June 4, 2019

It depends. If the scholarships and grants are greater than the tuition then it is very possible that you would need to pay tax on the amount that was greater than your tuition and qualified education expenses.

If the amount was less than or equal to your tuition and qualified education expenses, then no, you would not pay taxes on the scholarships and grants.

Only the amount not used for qualified education expenses is taxable.

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View solution in original post

Vanessa · ‎June 4, 2019

It depends. If the scholarships and grants are greater than the tuition then it is very possible that you would need to pay tax on the amount that was greater than your tuition and qualified education expenses.

If the amount was less than or equal to your tuition and qualified education expenses, then no, you would not pay taxes on the scholarships and grants.

Only the amount not used for qualified education expenses is taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Does a student with minimal income (11K) need to pay taxes on scholarships and grants if they cover tuition?