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Get your taxes done using TurboTax
@Hal_Al, thank you so very much! Regarding your last paragraph, the only thing that does not match your computation is his income. He worked two jobs, and his total income from wages is: $19, 249.26. The $2,809.45 amount I listed in the question was the amount he submitted out-of-pocket to his college to cover the rest of his expenses. So the computation would be $13, 279 scholarships + $19, 249.26 wages = $32, 528.26 - $14, 600 standard deduction = $17,928.26 taxable income x 12% = $2,151.39 tax. Does that change anything?
March 12, 2025
9:33 PM