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Get your taxes done using TurboTax
None of what you listed is a qualified education expense for scholarship/grant money. So it's taxable to you unfortunately. Generally, excess funds are returned to the student in Dec of the tax year, unless there are other outstanding fees still due. In such a case of outstanding fees that are not qualified expenses, the college will use the excess to pay those fees, and that still makes it taxable income to the student.
I'm not well versed in the heath care stuff, but I "think" you can reduce your taxable income by claiming your health insurance cost if any of that money was used to pay it. Technically, "you" paid for your health insurance, if it was paid with scholarship/grant money. but that's dealt with outside of the Education section of the program.
I'm not well versed in the heath care stuff, but I "think" you can reduce your taxable income by claiming your health insurance cost if any of that money was used to pay it. Technically, "you" paid for your health insurance, if it was paid with scholarship/grant money. but that's dealt with outside of the Education section of the program.
‎June 6, 2019
6:26 AM