Q. 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?
A. No. It's still only the $4000, of the scholarship ,that gets taxed to give you the AOTC. The rest was going to be taxed anyway.
