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Emergency Financial Aid Grants Under the CARES Act for Form 8917

 

알림: 역사 콘텐츠

본 문서는 기록 자료 또는 역사 자료로서 현행 법이나 정책, 절차>를 반영하고 있지 않을 수 있습니다.

The COVID-Related Tax Relief Act of 2020 updated CARES Act information about education grants and although these grants still aren't includible in your gross income, expenses paid with the grants can now be used to figure the tuition and fees deduction (for 2020 expenses only, because the tuition and fees deduction expired after December 31, 2020), the American opportunity credit, and the lifetime learning credit. For more information, see Higher Education Emergency Grants Frequently Asked Questions on IRS.gov