I think just to say that "Pell grants aren't taxable" may be a bit mis-leading. Generally speaking, it's true; but conditions have to be met. The two I'm aware of are:
- You must be enrolled in a program as a degree candidate, or you must be pursuing a training program that prepares you for specific types of employment upon completion.
- You must use the Pell grant only to pay for “qualified education expenses.”
But being a bit realistic, even if the $29 is taxable (I think it is, since you refer to it as a credit.) I don't think it's going to make any difference in your overall tax liability.
