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EDIT: See other answer for special rules for ROTC scholarships.
Yes, it is reported on your tax return, not your parents' tax return.
However, in most cases, if your total income (including the taxable scholarship) is less than $6300, you are not required to file a tax return.
In the event you had self employment income of over $400, or had more than $350 of other non-earned income (interest, dividends, capital gains), that could require you to file a tax return, even if your total income is under $6300.
ROTC scholarships whether they are used for tuition, fees, books OR room and board are not taxable. These "scholarships" are not scholarships under 26 USC 117. 26 CFR 1.117-4(b) specifically removes them from Section 117. They are exempt from gross income under 26 USC 134 as qualified military allowances. Publication 970 deals with Section 117 exempt scholarships, and not Section 134. A better publication for reference is the Armed Forces Tax Guide, Publication3.
Has anyone verified this? The notion that ROTC scholarships have been removed as the taxable income? I too am trying to determine if monies provided to ROTC scholarship recipients by my son's university for room & board are taxable or not.
There seems to be 2 different issues here:
a) are ROTC scholarships taxable (in the event that the amount is more than tuition and qualified expenses)
b) if room and board monies are offered by the university for said ROTC scholarship winners, is that taxable? (I think it's pretty clear that room & board is not a qualified education expense but does the fact that ROTC scholarhips aren't taxable [if that is true] affect this?
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