Hello,
I posted this yesterday but need some help. I was a part time college student from January-May 2020. I received a 1098-T with the “at least half-time student” box checked and paid the majority of the tuition out of pocket, with some paid by financial aid. My main question is, in 2019 I was claimed as a dependent. For 2020, I’m claiming myself and I know I’m eligible for the two stimulus amounts for $1800. The main concern I have is, and I can’t find any further information, is that I received an amount from my school in May 2020 for the CARES ACT grant that colleges received (HEERF). It was then given to me from my school, I did not receive any stimulus payments from the IRS in 2020. Would I still be eligible for both payments even though I received the Higher Education Emergency Relief Fund (HEERF)? I logged into my IRS account and it shows that I got $0 in payments and to use that information when filing my tax return, I’m just getting stuck on if the amount I received from my college counts as the first stimulus payment? Or are these totally different. The IRS and the schools website states it is not taxable and that it will not be included on my 1098-t which it is not. Do I have to put this amount that the school gave me anywhere on my return? It wasn’t on my 1098-T, and I don’t see anywhere where I can put this amount of $1200.00.
thank you!
