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Level 2
posted Feb 1, 2024 4:53:06 AM

Taxable student scholarship

What is the filing threshold amount for dependent students with taxable scholarship for taxable year 2023?

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1 Replies
Level 15
Feb 1, 2024 5:18:03 AM

Q. What is the filing threshold amount for dependent students with taxable scholarship for taxable year 2023?

A. $13,850.

 

Scholarships are a hybrid between earned and unearned income. It is earned income for purposes of the $13,850 filing requirement and the dependent standard deduction calculation (earned income + $400).  It is not earned income for the kiddie tax and other purposes (e.g. EIC).  For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.