Does a federal grant for school affect my EIC on tax return?
cdc219 asked:
I forgot to file a grant W2, or whatever its called, and I already recieved my tax return. The grant is for $3000. It was paid directly to my school. Does this qualify as income? Will it affect my Earned Income Credit?
I forgot to file a grant W2, or whatever its called, and I already recieved my tax return. The grant is for $3000. It was paid directly to my school. Does this qualify as income? Will it affect my Earned Income Credit?
The grant paid for school. Thus is was used for tuition. Was it more than the tuition or less than the total bill? If less, it’s not taxable and would not affect your EIC.