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Correct, provided the extra tax money for taxes and any other income you may have does not put you over the $12,550. You do not have to file taxes.
If your award money is less than $12,550 then you are not required to file a tax return.
Thank you, the amount I received is much smaller than that. But I forgot to mention that the school send me the money including the taxed amount and say that I am supposed to use the extra money to pay tax for the award. So I still do not know how to proceed with the part where I am supposed to use the extra money to pay the tax.
Correct, provided the extra tax money for taxes and any other income you may have does not put you over the $12,550. You do not have to file taxes.
Thank you!!!
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