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April 16, 2022
Question

Do I enter the HEERF amount my son received for college in the grant received section?

  • April 16, 2022
  • 1 reply
  • 0 views
I've researched and think since it's emergency assistance the answer is no. Please confirm

1 reply

April 16, 2022

Yes, you are correct that the answer is no.

 

CARES Act emergency financial aid grants are “qualified disaster relief payments under section 139 of the Internal Revenue Code” and should not be included as part of gross income. 

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