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kieichi
New Member

Does the American Rescue Plan Grant qualify as an "Other Grant" to be claimed when entering high education information for Deductions

$500 was credited to my college tuition balance during 2021 as part of the American Rescue Plan.  Does this amount qualify as a grant that should be declared even though it was not listed on my 1098-T?
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2 Replies
MaryK4
Employee Tax Expert

Does the American Rescue Plan Grant qualify as an "Other Grant" to be claimed when entering high education information for Deductions

Yes, you must subtract out the American Rescue Plan Grant from the Educational expenses because it was nontaxable income.

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Does the American Rescue Plan Grant qualify as an "Other Grant" to be claimed when entering high education information for Deductions

I agree with MaryK1101, you must reduce the amount of tuition you claim, for a tuition credit, by the amount paid for by the tax free American Rescue Plan Grant

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