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Level 1
posted Jun 4, 2019 2:35:50 PM

My grandson had to evacuate Wilmington, NC during Hurricane Florence. Cape Fear College and received 1250. Hurricane Grant. Is that amt considered taxable?

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1 Best answer
Expert Alumni
Jun 4, 2019 2:35:51 PM

If this amount was paid by FEMA or another aid agency, it is not taxable.

4 Replies
Expert Alumni
Jun 4, 2019 2:35:51 PM

If this amount was paid by FEMA or another aid agency, it is not taxable.

Level 1
Jun 4, 2019 2:35:53 PM

Thank you!  The 1250. was fed gov grant and is included on 1098-T on line 5.  So can I just subtract that 1250. from there or do I need to fill out something else.  TT didn’t have a section to include that my grandson was in evac area.  Or did I miss that?

Expert Alumni
Jun 4, 2019 2:35:54 PM

The grant reported on the 1098-T is a scholarship. If it only covers tuition then it is not taxable.

Level 1
Jun 4, 2019 2:35:56 PM

Cape Fear shows that amt included in box 5.  But on their online account it specifies it is Emergency hurricane grant.  It was then sent to my grandson as a refund , TT shows it as income(?). Not used as tuition but evacuation from area.  Therefore taxable?