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June 1, 2019
Question

Do I need to add my pell grant into my income

  • June 1, 2019
  • 1 reply
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I did not find a place to type in my pell grant information. Also I took out student loans this year and have not started paying them back yet since I am still in school. Do I need to put this stuff in with my taxes

1 reply

PatriciaV
Employee
June 1, 2019

It depends. A Pell grant does not need to be reported on your tax return, if you satisfy two IRS requirements that apply to all scholarships and grants:

  1. You must be enrolled in a program as a degree candidate, or you must be pursuing a training program that prepares you for specific types of employment upon completion.
  2. You must use the Pell grant only to pay for “qualified education expenses.”

Read more here: Do You Have to Claim Pell Grant Money on Your Taxes?

If you did not pay any Student Loan Interest during the tax year, you have nothing to report on your tax return.

However, if you received Form 1098-T, you must include that information on your return. You can find this easily by searching on "1098-t" and jumping to the start of that topic.

If you did not receive a 1098-T, you can enter the amount of your Pell Grant on "Did You Receive a Scholarship or Grant" on the Other Scholarship/Grants/Fellowship line.  See screenshot below.

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