L****y
发帖数: 61 | 1 本人绿卡。 孩子去年高中毕业在UC上学。申请FAFSA得到一些grants and
scholarships 。虽然不能cover上大学的所有费用。 但除了学费和注册费外。
还有点钱交dorm的费用。 当然，我每年也要提供一万五千以上的费用。 我的问题是，
这些助奖学金都是免税的吗，什么情况下grants and scholarships 需要缴税（学校
提供的资助大于总费用？）。
谢谢 |
s******g
发帖数: 654 | 2 Generally speaking, most grants and scholarships are taxable. You will
receive a 1098 T. Then you have to report the income from scholarships, so
you can take tuition as deduction or credit. |
L****y
发帖数: 61 | 3 Thank you for your answer. But I have another question. I have received 1098
T, but no W2 for the scholarship. If I claim my child as a dependant, how
can I report the my child's taxable scholarship into my 1040a tax return
form? |
s******g
发帖数: 654 | 4 You can just file another tax return for your child. On your own tax return,
you take your child as a dependent. |
L****y
发帖数: 61 | 5 But according to Table 2 in IRS Publication 501, a dependent do not need to
file his own tax return if his earned income (taxable scholarship is
regarded as earned income ) is less than $5450.The problem is that dependent
's earned income can not be filled into my tax return when I use E-file
because of no W2 for that taxable scholarship.
Thanks a lot |
L****y
发帖数: 61 | |
L****y
发帖数: 61 | 7 The problem is that dependent
's earned income can not be filled into my tax return when I use E-file
because there are only my spouse and myself income can be input and no
dependent name there. |
s******g
发帖数: 654 | 8 As I said, file your child's tax return for your own sake. Simple and clear.
Need not to file doesn't mean you cannot file it. |
L****y
发帖数: 61 | 9 Thank you very much!
But my child did not receive any W2 for the scholarship but 1098T. The 1098T
give the total amount of all scholarships and let youself to separate the
taxable and nontaxable. How can we determine how much of them is taxable
without any official form?
|
L****y
发帖数: 61 | 10 Thank you very much!
But my child did not receive any W2 for the scholarship but 1098T. The 1098T
give the total amount of all scholarships and let youself to separate the
taxable and nontaxable. How can we determine how much of them is taxable
without any official form?
|
|
|
s******g
发帖数: 654 | 11 You mention the scholarships is not more than 5450. That means you can
report it as all taxable income. Then just use the standard deduction to
offset that income. It is simplest way to file this return. |
L****y
发帖数: 61 | 12 I understand it. Thanks a lot. |
L****y
发帖数: 61 | 13 But I still insterested in how to determine taxable and non taxabe award,
which I may need to know for my next 2009 tax return. I know that grants and
scholarships used to buy text book is non taxable. Is it OK if I report
this tax free part with the receipt of the books attached to my tax return?
I also hold some bills from the University, may I attach them in my tax
return to show the tax free part of the scholarship. |
L****y
发帖数: 61 | |
p********t
发帖数: 1219 | 15 助学金：用来付tuition and fee，以及course related expense的免税。用于其它用
途，比如住房，不免。
【在 L****y 的大作中提到】
: 本人绿卡。 孩子去年高中毕业在UC上学。申请FAFSA得到一些grants and
: scholarships 。虽然不能cover上大学的所有费用。 但除了学费和注册费外。
: 还有点钱交dorm的费用。 当然，我每年也要提供一万五千以上的费用。 我的问题是，
: 这些助奖学金都是免税的吗，什么情况下grants and scholarships 需要缴税（学校
: 提供的资助大于总费用？）。
: 谢谢
|
s******g
发帖数: 654 | 16 =====================================================================
Degree Candidates
If the student is a degree candidate, then scholarship and fellowship
amounts used for tuition and REQUIRED course-related expenses (e.g., fees,
books, supplies, and equipment) are exempt from federal income tax and may
be excluded from gross income. Amounts used for living expenses (room and
board) and other non-required expenses (computers, travel, etc.) are not
exempt.
In most circumstances, federal and st |
