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Do I have to enter payments I received from college for the CARES Act and vaccine incentives as Scholarships/Grants?
I am using the American opportunity credit but I received money from my college in the form of checks sent to me for the CARES Act emergency covid relief as well as vaccine incentive payments. Do I have to include this money in TurboTax under Scholarship/Grants or subtract it from my tuition or books in some way? I will say that I probably used this money for college related expenses not directly on tuition and books but on things like housing, internet for online classes, and food.
Also do I include the cares act payment or vaccine incentives in income?
I am leaning towards no, but I just want to make sure so I'm not doing something wrong. Thanks!
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‎April 1, 2022
9:42 PM