FSEOG income

Forum|Forum|3 years ago
January 26, 2023
3 replies
19 views

Is there a difference between emergency FSEOG and regular FSEOG income? How do you know which one you got issued from in 2022? Do we need to file 1098T taxes on them?

Not A Product Question

DaveF1006

Level 15

No neither are taxable income to you so these are not reported on your return.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"

RecentGrad37Author

Level 2

The only problem with my 1098T is that my All of my Pell Grant went towards my tuition and the FSEOG pushes Box5 just a few hundred dollars above my Box1. For Pell plus FSEOG without any other income for 2022, would I have to file this return? Thanks.

KrisD15

Level 15

It depends.

If you received more in Grants that what was paid towards education expenses, the excess would need to be claimed as income, but you might not owe tax on that income depending on other factors, such as your filing status.

ADDITIONALLY, there are usually other education expenses which are not listed on the 1098-T such as books and supplies, even internet service if that is required for your courses. Be sure to add those extra expenses if you had them, that could cover the few hundred in Box 5 that is above Box 1.

Once you finish your return in the TurboTax program, the program will tell you if you need to file.

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"