You can use the education expenses section to report a Pell Grant.
First, enter any education expenses you have reported on a Form 1098-T.
The easiest way to get there is to use the search feature.
- Log into your account and click Take Me to My Return (you must click this before performing the search below)
- Click the search icon (magnifying glass in top right-hand corner)
- Search for "1098T" and click the "jump to 1098T" link that appears
- This will bring you to the Education Expenses section where you can add a student and related Form 1098-T information
During the interview, you can enter any scholarships or grants you have received on your Form 1098-T. If you have a grant or scholarship that was NOT reported on the Form 1098-T, there will be a space in the interview to add additional scholarships or grants.
If the amount of your scholarships and Pell grants exceed your qualified education expenses (tuition plus required books and fees), then any overage is considered income to you (i.e any amounts you used for personal expenses such as room and board or travel). You will see an "SCH $$$" next to Line 7 on your tax return if you do.
See Do You Have to Claim Pell Grant Money on Your Taxes? for more information
