 Internal Revenue Service IRS tax news, higher education emergency grants, but first an attempt at a joke I apologize in advance. Filling out form 1040 is so frustrating I don't just have a headache, the headache has me. A headache more formally known as the IRS. IR2022-34 February 15, 2022 Washington. The Internal Revenue Service today updates its frequently asked questions. The FAQ is on higher education emergency grants. This updated FAQ adds questions 8 and 9 in FS2022-11. There's a link to that here in IR2021-70. Emergency aid granted to students due to COVID is not taxable. There's a link to that here. The IRS issued FAQs on how students in higher education institutions should report pandemic-related emergency financial aid grants. These FAQs were subsequently updated on May 18, 2021. These updated FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. More information about reliance is available IRS-FAQ. There's a link to some of that information here. There'll be a link to this in the description.