Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

2 Bumps

Is student financial aid claimed on taxes?

Will we need to report any grants for financial aid on taxes?

Answer Question

Asked by Anonymous at 6:49 PM on Jan. 13, 2011 in Money & Work

Answers (8)
  • I'm not sure. I didn't report mine, I also didn't find any place I should input it while doing taxes last year. I would ask the financial aid office at your school just to be sure.

    Answer by mommy_of_two388 at 6:58 PM on Jan. 13, 2011

  • I never have; its not considered income. If you had out of pocket school expenses you report that, student loans qualify for this.

    Answer by MizzNicole at 7:04 PM on Jan. 13, 2011

  • musicmom08

    Answer by musicmom08 at 7:08 PM on Jan. 13, 2011

  • it's not considered income, so you shouldn't have to.

    Answer by Mom2Jack04 at 7:38 PM on Jan. 13, 2011

  • I never have, even though I get money after books and tuition sent to me in a check, the financial aid office says I don't

    Answer by JLS2388 at 8:01 PM on Jan. 13, 2011

  • Call the IRS 1-800-829-1040 - Hours of Operation: Monday – Friday, 7:00 a.m. – 10:00 p.m. your local time (Alaska & Hawaii follow Pacific Time).

    Answer by rkoloms at 8:33 PM on Jan. 13, 2011


    Page five will tell you if it is taxable or not.

    Answer by Erica_Smerica at 9:33 PM on Jan. 13, 2011

  • I think it's a deduction. At least money you paid out of pocket for tuition.

    Answer by HotMama330 at 3:17 PM on Jan. 14, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.