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nikihoi1
New Member

My Employer provides a scholarship of $2000 per semester to my child in college. That amount is added into my pay as a taxable benefit. How do I handle it when it comes to entering it into my education expenses?

When I list the scholarship it reduces my deduction but I've been taxed on it already.
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DDollar
Level 4

My Employer provides a scholarship of $2000 per semester to my child in college. That amount is added into my pay as a taxable benefit. How do I handle it when it comes to entering it into my education expenses?

You should not enter that as a scholarship.  It is being included in your income, so it is taxable income, not a student scholarship.

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DDollar
Level 4

My Employer provides a scholarship of $2000 per semester to my child in college. That amount is added into my pay as a taxable benefit. How do I handle it when it comes to entering it into my education expenses?

You should not enter that as a scholarship.  It is being included in your income, so it is taxable income, not a student scholarship.

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