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annie-avemaria
New Member

Does financial aid, scholarships, and loans count as supporting myself with earned income?

I pay for my annual expenses with a combination of financial aid, scholarships, student loans, and my part time job. How much of that counts as earned income?
1 Reply
AndreaG
New Member

Does financial aid, scholarships, and loans count as supporting myself with earned income?

Unfortunately, no. The IRS defines earned income as taxable income that you earned as an employee, such as wages, as well as profit that you earned from a business, if you are self employed. So only the earned income from your part time job would be considered earned income for the purposes of determining to what extent you supported yourself. 

Please refer to the following FAQs for additional clarification. https://ttlc.intuit.com/replies/5316332    https://ttlc.intuit.com/replies/4790637

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