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April 17, 2022
Question

Stipend used for room & board, can it be deducted

  • April 17, 2022
  • 1 reply
  • 0 views

I receive a scholarship for my tuition and a stipend to cover other expenses such as room and board. Can the room & board be deducted? My books are also covered. Are there any other expenses that can be deducted against the stipend?

    1 reply

    KrisD15
    April 17, 2022

    No, 

    if all education expenses are covered, the payments for Tuition, Fees, Books and Supplies is not taxable. However payments that cover Room and Board is taxable. 

    Since you have no unreimbursed education expenses, the stipend to cover room and board is taxable income. 

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