Is this pell grant taxable? - Mothering Forums

Thread Tools
#1 of 5 Old 02-04-2010, 02:38 AM - Thread Starter
Contrariety's Avatar
Join Date: Jul 2007
Location: The UC
Posts: 2,225
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
DH got $6140.00 in pell grants last year, his tuition was $6120. I cannot figure out if the grants are taxable or not. They were used only for tuition and books, so i dont think they are, but how can i be sure? if they are not taxable, it increases our refund by$3000, so i want to be sure i'm doing it right, since i don't want to miss out on that $3000, but i also don't want to have to end up paying it back if we make a mistake.

ugh. why do taxes have to be so confusing?

any help?
Contrariety is offline  
Sponsored Links
#2 of 5 Old 02-04-2010, 02:45 AM
Drummer's Wife's Avatar
Join Date: Jun 2005
Location: Land of Enchantment
Posts: 11,485
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
I entered the info from the 1098 (is that the form?) and the tax software figured it out. In my case, it did up our income, but only by like $100 something for the year, even though I got a lot more fin aid than that.

sorry, that's probably not much help. but I don't think it's going to mean an added 3k of taxable income. Hope someone else can answer your question better.

ribboncesarean.gif cesareans happen.
Drummer's Wife is offline  
#3 of 5 Old 02-04-2010, 12:42 PM
leavemealone's Avatar
Join Date: Feb 2005
Posts: 1,743
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
From the IRS website: Pell Grants, Supplemental Educational Opportunity Grants, and Grants to States for State Student Incentives. These grants are nontaxable scholarships to the extent used for tuition and course-related expenses during the grant period.

If you use a tax program to prepare your taxes, I would think that it would walk you through whether it's taxable or not.

I recently changed my username, but I still say "Hello" to all those who know me in real life! Hi P, S, T and K!
leavemealone is offline  
#4 of 5 Old 02-04-2010, 12:50 PM
1babysmom's Avatar
Join Date: May 2006
Posts: 5,038
Mentioned: 35 Post(s)
Tagged: 0 Thread(s)
Quoted: 7 Post(s)


DD (9) ~ DD (6) ~ DS (5) DS (1)

Babies in Heaven... 9/04 2/05 3/11 4/11 6/11 11/11 2/12 (along with my tube) 9/14 1/15
1babysmom is online now  
#5 of 5 Old 03-11-2010, 05:22 PM
Dar's Avatar
Join Date: Apr 2002
Location: St. Louis, MO
Posts: 11,209
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)
Not taxable, as long as it was all spent on tuition and books (or other required expenses like lab fees or supplies, etc.).

fambedsingle1.gifSingle mom to Rain (1/93) , grad student, and world traveler earth.gif


Dar is offline  

User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page

Posting Rules  
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off