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February 21, 2022
Question

Does the American Rescue Plan Grant qualify as an "Other Grant" to be claimed when entering high education information for Deductions

  • February 21, 2022
  • 1 reply
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$500 was credited to my college tuition balance during 2021 as part of the American Rescue Plan.  Does this amount qualify as a grant that should be declared even though it was not listed on my 1098-T?

1 reply

February 21, 2022

Yes, you must subtract out the American Rescue Plan Grant from the Educational expenses because it was nontaxable income.

Hal_Al
Employee
February 22, 2022

I agree with MaryK1101, you must reduce the amount of tuition you claim, for a tuition credit, by the amount paid for by the tax free American Rescue Plan Grant