ℹ️️ Please note that scholarships, fellowships and grants (tuition waiver) awarded to cover qualified educational expenses:
Tuition and fees required for enrollment or attendance at an educational organization
Fees, books, supplies, and equipment required for courses of instruction at the educational organization
may not be reportable or taxable if you are a degree candidate.
You are a candidate for a degree if you:
- Attend a primary or secondary school or are pursuing a degree at a college or university, or
- Attend an educational institution that:
a) Provides a program that is acceptable for full credit toward a bachelor's or higher degree, or offers a program of training to prepare students for gainful employment in a recognized occupation; and
b) Is authorized under federal or state law to provide such a program and is accredited by a nationally recognized accreditation agency.
📢 IMPORTANT: As an IIE participant, in the case IIE has informed you that you will NOT be receiving Form 1042-S for your IIE grant/payment please do NOT report it anywhere in your Sprintax account.