When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

No, taxable scholarship income isn't considered earned income for the purpose of FICA and is only subject to income tax.

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

Thank you for the clarification.

In that case, if I received additional scholarships that are not listed on my 1098T where/how do I go about declaring them on my 1040?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

After you enter your 1098-T, proceed with the Education interview. You will reach a screen where you can enter scholarships that you've received in addition to whatever is included in the 1098-T.

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

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When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

When scholarships on 1098T exceed allowed educational expenses. Anything above allowed educational expenses is taxable income, is it also subject to FICA?

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