https://ttlc.intuit.com/community/taxes/discussion/re-1098t/01/2469686#M882345 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">“<STRONG>Financial aid and grants are generally not considered taxable income</STRONG>, provided the money is spent for tuition, fees, books and other supplies for classes,” he said. Grants and scholarships awards that are used on <A href="https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/00/26750" target="_blank">qualified education expenses</A>, as defined by the IRS, are not taxable.<STRONG> Room and Board and transportation are not considered qualified expenses.</STRONG></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If the amount of scholarships/grants&nbsp;funds exceeds the amount of qualified education expenses,&nbsp;then your daughter needs to&nbsp;file and report the education expenses and grants&nbsp;on&nbsp;her tax return.</SPAN></SPAN></P> Fri, 11 Feb 2022 20:41:44 GMT MayaD 2022-02-11T20:41:44Z https://ttlc.intuit.com/community/taxes/discussion/1098t/01/2469373#M882226 <P>My daughter received fafsa that covered her full tuition for 2021 so she did not have any out of pocket expenses for tuition. She has not received a 1098t. Would I need to report the fafsa when I file? I have read that because she didn’t have oop expenses she will not be getting a 1098t, &nbsp;she is my dependant.</P> Fri, 11 Feb 2022 19:10:39 GMT https://ttlc.intuit.com/community/taxes/discussion/1098t/01/2469373#M882226 BDLM 2022-02-11T19:10:39Z https://ttlc.intuit.com/community/taxes/discussion/re-1098t/01/2469686#M882345 <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">“<STRONG>Financial aid and grants are generally not considered taxable income</STRONG>, provided the money is spent for tuition, fees, books and other supplies for classes,” he said. Grants and scholarships awards that are used on <A href="https://ttlc.intuit.com/community/credits-and-deductions/help/what-are-examples-of-education-expenses/00/26750" target="_blank">qualified education expenses</A>, as defined by the IRS, are not taxable.<STRONG> Room and Board and transportation are not considered qualified expenses.</STRONG></SPAN></SPAN></P> <P>&nbsp;</P> <P><SPAN style="font-size:14px"><SPAN style="font-family:Arial,Helvetica,sans-serif">If the amount of scholarships/grants&nbsp;funds exceeds the amount of qualified education expenses,&nbsp;then your daughter needs to&nbsp;file and report the education expenses and grants&nbsp;on&nbsp;her tax return.</SPAN></SPAN></P> Fri, 11 Feb 2022 20:41:44 GMT https://ttlc.intuit.com/community/taxes/discussion/re-1098t/01/2469686#M882345 MayaD 2022-02-11T20:41:44Z