← Honed Money

Will the IRS take a cut of your scholarship?

Split your award into tax-free and taxable parts using IRS Publication 970 rules, so filing season has no surprises.

Your award

01 / AWARD
$
Yes

Where the money goes

02 / USES
$
$
$
Award accounted for$0
No
Email my results

Calculate your split to activate the email and copy buttons. Your entries stay in this tab and are not saved.

Find the taxable slice.

Enter your award and how you used it. Tuition and required books are usually tax-free; room and board almost never are.

Last reviewed: October 2026.

What's next?