topic My Employer provides a scholarship of $2000 per semester to my child in college. That amount is added into my pay as a taxable benefit. How do I handle it when it comes to entering it into my education expenses? in Education

My Employer provides a scholarship of $2000 per semester to my child in college. That amount is added into my pay as a taxable benefit. How do I handle it when it comes to entering it into my education expenses?

nikihoi1 — Thu, 06 Jun 2019 13:40:56 GMT

When I list the scholarship it reduces my deduction but I've been taxed on it already.

DDollar — Thu, 06 Jun 2019 13:40:58 GMT

You should not enter that as a scholarship. It is being included in your income, so it is taxable income, not a student scholarship.