Scholarship money was reported on W2 from the university and they delayed sending it until after i graduated.

[Tree5432]

Scholarship money was reported on W2 from the university & taxes were taken out. Also the scholarship was paid late by the university to me (after I graduated). The scholarship was awarded for 2024 but not paid until 2025. How do I account for this on Turbo Tax to get a refund of the taxes taken  out?

Thank you

[LaShaunA3]

You would report the W2  in the year you had constructive receipt of it (2025). Since it’s on a W-2, it's treated as wages, and you’ll claim the withholding shown on the W-2 as a credit to get your refund. Enter the W-2 exactly as issued. If the scholarship was qualified (tuition, fees, books) and shouldn’t be taxable, contact the school for a corrected form, since W-2 income is generally taxable.

[Hal_Al]

Q. How do I account for this on Turbo Tax to get a refund of the taxes taken out?

A. You enter the W-2 exactly as received.  Scholarships awarded for working are taxable.  So, you may not get much or any refund of the income tax withholding shown in box 2 of the W-2.  Work scholarships, from the school, are usually not subject to social security and Medicare (FICA) tax, so there is usually no withholding shown in boxes 4 & 6. 

But since taxable income was used to pay  for tuition, you are eligible to claim a tuition credit. But there seems to be some question of whether that would be for 2024 or 2025.