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Question

Work Study Replaced by Higher Education Emergency Relief Fund Grant

Forum|Forum|5 years ago
December 27, 2020
2 replies
0 views

I had the opportunity to do work study for the Fall 2020 semester. However, due to the pandemic, I was unable to work since there was no remote options at my university. My university alerted me back in September that they would "replace the Fall 2020 portion of your Federal Work Study Grant with a grant from the Higher Education Emergency Relief Fund." I'm a little unsure if this qualifies as unearned income (unemployment compensation) or not, so would I have to file for this? Thank you!

Not A Product Question

Employee

See this. If applicable to you, the payments are not taxed.
https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act

Employee

The grant is not taxable and is not entered on your federal tax return.

Go to this IRS website for information - https://www.irs.gov/newsroom/faqs-higher-education-emergency-relief-fund-and-emergency-financial-aid-grants-under-the-cares-act