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IRS Related Questions
- Part or all of a grant, scholarship, or fellowship may be taxable even if you do not receive a W-2 form.
- If you are in a degree program, amounts you use for expenses other than tuition and course-related expenses (i.e., amounts used for room, board, and travel) are taxable. To determine this table amount, add up all grant, scholarship, and fellowship awards received in a calendar year, and then subtract all tuition, fees, and book and supply expenses. If the remaining amount is a positive number, it must be reported as income.
- If you are not in a degree program, the full amount of the grant, scholarship or fellowship is taxable. Contact the Internal Revenue Service for more information.
- Yes. Any money received as the result of work is considered taxable income.
- You will be asked to file a withholding form (W-4) and you will receive a statement of income and taxes withheld (W-2) each calendar year.
- The Hope Scholarship is a tax credit for first- or second-year undergraduates or their parents. It is for certain educational expenses paid on or after January 1 each year.
- The Lifetime Learning Tax Credit is for students who are beyond their second year of college or for their parents. It is for certain educational expenses paid on or after January 1 each year.
If you filed a federal tax return, you will be able to use the IRS Data Retrieval Process to get your tax information directly from the IRS.
If you completed your FAFSA online, there will be a prompt that provides the option for the tax filer to voluntarily retrieve data through the IRS Data Transfer.
Yes. You can still apply for financial aid using the FAFSA even if you did not file a tax return because your income was too low.
Monday: 9am - 3pm
Tuesday: 9am - 3pm & 5pm - 6:30pm
Wednesday: 9am - 1pm
Thursday: 9am - 3pm
Friday: Closed for Processing
Federal School Code:
We have an after-hours DROPBOX located in the hallway between the Admissions and Financial Aid Offices, for your convenience.