Higher Education Emergency Relief Funds (HEERF)

Higher Education Emergency Relief Funds (HEERF)

HEERF I – CARES Act – Student Information Reporting.pdf
HEERF II – CRRSAA Act – Student Information Reporting.pdf
HEERF III – ARP Plan – Student Reporting Information.pdf
HEERF Institutional Quarterly Reports:

The IRS announced that HEERF grants to students will not be taxable.  The IRS states that these grants will be considered official federal disaster assistance, which excludes the funds from being taxed.  St. Joseph’s College of Nursing and its affiliates do not provide tax, legal, or accounting advice.  Higher Education Emergency Relief Fund (HEERF) grants to students will not be included on the 2020 IRS Form 1098-T in Box 5.  Further, the IRS FAQs: Higher Education Emergency Relief Fund and Emergency Financial Aid Grants under the CARES Act make it clear that students cannot claim any education credits or deductions, so the emergency grant amounts will not appear in Box 1 of the 1098-T.

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