You'll need to sign in or create an account to connect with an expert.
No. The Stipend cannot be counted as an education expense and removed from your salary since it was not used for qualified education expenses.
Stipends to cover general living costs are considered taxable income and are not deductible.
Taxes for Grads: Do Scholarships Count as Taxable Income?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bpchic77
New Member
TomG6
New Member
brittany-j-rich
New Member
Referee06
New Member
insurancelady86
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.