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February 2, 2024
Question

Room and board paid for with college scholarship

  • February 2, 2024
  • 2 replies
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Can I use room and board expenses paid for by college scholarship?

2 replies

Employee
February 2, 2024
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Hal_Al
Employee
February 2, 2024

Q.  Can I use room and board expenses (R&B) paid for by college scholarship?

A.  No. You cannot use room and board expenses, even if not paid for by college scholarship, to claim the education credit. Furthermore, you cannot even  claim room & board as qualified expenses for a scholarship to be tax free. R&B are not qualified educational expenses (QEE). That scholarship is considered taxable income to the student. 

 

The one exception is that R&B are qualified expenses for a 529 plan/ESA/QTP distribution.