Scholarship Tax Calculator
Determine if your scholarship is taxable.
Calculate the taxable portion based on tuition, fees, and living expenses.
Taxable Scholarship Amount
Scholarship taxation (US) depends on how the money is used.
Taxable Amount = Total Scholarship − Qualified Expenses
Tax-free (qualified expenses):
- Tuition and fees
- Books and supplies required for courses
- Equipment required for enrollment
Taxable (non-qualified):
- Room and board
- Travel
- Optional equipment
- Living expenses
Key rules:
- You must be a degree-seeking student at an eligible institution
- Amounts used for room and board are always taxable
- Scholarship amounts exceeding tuition/fees are taxable
- Taxable scholarship income is reported as ordinary income
Example: $30,000 scholarship, $22,000 tuition, $2,000 required books. Qualified: $24,000. Taxable: $30,000 − $24,000 = $6,000.