Emergency Financial Aid Grants Under the CARES Act

 

Avi: Kontni Istorik


Sa a se yon dokiman achiv oswa istorik e li ka pa reprezante lwa, règleman oswa pwosedi aktyèl yo.

The COVID-Related Tax Relief Act of 2020 updated CARES Act information discussed on page 2 of Pub. 970 under What's New for 2020. Although these grants are still not includible in your gross income, expenses paid with the grants can now be used to figure the tuition and fees deduction, the American opportunity credit, and the lifetime learning credit. For more information, see Higher Education Emergency Grants Frequently Asked Questions on IRS.gov.