Certain scholarships and fellowship grants are tax-free if you meet the following requirements:
- You are a degree student at an educational institution that has a faculty and student body on campus AND
- You use the scholarship/grant to pay for education supplies/tuition
You must include in income amounts you receive for:
- Room and board
- Travel
- Optional equipment (not required for curriculum)
- Wages earned for teaching, research, or other services (conditions of receiving grant)
If your scholarship/grant is taxable, it will be entered by going to:
- Federal Section
- Income
- Enter Myself
- Other Income
- Other Compensation
- Scholarships and Grants
