Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
rykersmommie2014
New Member

If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?

 
1 Best answer

Accepted Solutions
KrisD
Intuit Alumni

If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?

If all the tuition is paid for by the GI Bill or other VA assistance, the assistance is not taxed and the tuition cannot be used for a credit. 

If you also received grants, you can apply other expenses, such as books and supplies towards that, but the remainder is taxable to you. 

CLICK HERE for IRS Pub 970 Tax Benefits for Education


View solution in original post

1 Reply
KrisD
Intuit Alumni

If i do get benefits from the va for school and on my 1098-T form is just my grants from the school what do I do or put?

If all the tuition is paid for by the GI Bill or other VA assistance, the assistance is not taxed and the tuition cannot be used for a credit. 

If you also received grants, you can apply other expenses, such as books and supplies towards that, but the remainder is taxable to you. 

CLICK HERE for IRS Pub 970 Tax Benefits for Education


Dynamic AdsDynamic Ads
Privacy Settings
v