qbteachmt
Level 15
03-20-2022
03:16 PM
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For entering it, ProSeries should have the provision for this, and it would carry over to the required forms. If it does not work for you, let us know if you are using ProSeries Basic or Professional.
I googled:
heerf student support grant taxable
https://www.irs.gov/newsroom/emergency-aid-granted-to-students-due-to-covid-is-not-taxable
https://www.irs.gov/newsroom/higher-education-emergency-grants-frequently-asked-questions
and:
https://www2.ed.gov/about/offices/list/ope/arpfaq.pdf
- Question: Are emergency financial aid grants to students under the HEERF program
considered taxable income?
Answer: No. Emergency financial aid grants made by a federal agency, State, Indian
tribe, higher education institution or scholarship-granting organization (including a tribal
organization) to a student because of an event related to the COVID-19 national
emergency are not included in the student's gross income. For more information, please
see the Internal Revenue Service (IRS) bulletin Emergency aid granted to students due to
COVID is not taxable (March 30, 2021).
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