FAFSA Help: Putting in scholarships, grants, etc. on FAFSA

<p>You need to use the worksheet on IRS 970 to calculate whether you have taxable scholarships/grants.</p>

<p><a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf&lt;/a&gt;&lt;/p&gt;

<p>page 5. Keep that in your records somewhere along with the 1098-t (the form you got from your school) so if the taxman ever asks you have a record of why you did not have to report it. Attach copies of receipts for books.</p>