- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Scholarships not used to pay for qualified education expenses (e.g. to pay for room and board) are taxable and have to be reported on your tax return.
If the part of your scholarships which covers room and board exceeds the standard deduction of $12,400, then you are required to file a tax return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 22, 2021
2:14 PM