Are HEERF II funds taxable income?
No, HEERF II funds are not considered taxable income (as of 2/22/21), however with regard
to student emergency grants, the notice states that there is no requirement to report those
amounts on the Form 1099-MISC; however, it states that “the waiver does not apply to the
requirement to file and furnish Form 1098-T, Tuition Statement, with respect to any
payments received for qualified tuition and related expenses, including qualified tuition and
related expenses paid with grants described in this notice.”
