Scholarship Tax Calculator

Personal Information

Are/were you pursuing an academic degree or

certificate? info icon vector In other words, are or were you in school working toward graduating? If so, answer "Yes".

Was your scholarship/grant awarded as payment for services you

performed? info icon vector Answer “Yes” if you had to do some kind of work to get this money.

Was your scholarship one that is exempt from fee-for-services

restrictions? info icon vector If your scholarship was awarded by any of the following, answer “Yes”: National Health Service Corps Program, Armed Forces Health Professions Scholarship and Financial Assistance Program, or a comprehensive student work-learning-service program operated by a work college.

Did you perform those services as a teaching or research assistant?

certificate? info icon vector If you did get this scholarship for working, was that as a teaching or research assistant? If so, answer "Yes".

Student Tax Information

info icon vector Hint: if you're talking about income you made in 2020, the tax year would also be 2020.

info icon vector If you're not married, choose single. If you are, choose 'Separately' only if you file your taxes separately from your spouse.

info icon vector This includes grants, scholarships and tuition waivers, but excludes COVID-19 emergency aid.

info icon vector These are what we call 'Qualified expenses', which basically means the things you can spend your scholarship money on tax-free. That includes tuition, required fees, books, supplies and equipment.

Work Income Information

info icon vector How much did you earn last year (before tax)?