Filing as a new grad, student status

Forum|Forum|4 years ago
February 10, 2022
2 replies
9 views

Hello. I graduated in May 2021 and was a full-time student from Jan 2021-May 2021. I'm not sure whether I can check that I was a full-time student in 2021?

Also is federal aid and school grant taxable income if I got more grant than my tuition?

TurboTax Deluxe Online

Critter-3

Level 15

You are a student if you were full time for any part of 5 months ... so Jan 31 to May 1 = some part of 5 months

MayaD

Alumni - Intuit

Yes, the amount awarded in excess of qualified education expenses will be considered taxable income. In addition, you can't claim education credits or deduct expenses that were paid with these tax-free funds.

For more information please check Are my scholarships, fellowships, or grants taxable?

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