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Get your taxes done using TurboTax
Taxable 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).
So, if his total income is more than $13,850, the taxable scholarship will trigger the form 8615 requirement.
March 10, 2024
9:30 AM