Hi, we received a child care grant from our university to pay for childcare while we are at school. We were told that the child care grant is taxable income and that we will receive tax forms. Since we have to claim this money as income, can we claim the child care credit for the purpose of full time students and not work since we did use the money for child care? If not, would we just subtract our child care costs from the grant and claim that amount as income? Thanks
