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June 4, 2019
Question

Can I claim purchases I made for school using a federal grant?

  • June 4, 2019
  • 2 replies
  • 0 views
I bought books with my grant, roughly 900$ total.

2 replies

Employee
June 4, 2019
What kind of grant?
Employee
June 4, 2019

Grant money is also classified as "free money".  If you use grant money to pay for books and other school supplies, you cannot also deduct the cost as an education expenses on your tax return.  You can only deduct your own out-of-pocket money spent for these items.