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Get your taxes done using TurboTax
No, you can't claim the excess scholarship on your return, the student needs to.
The tax on 69,000 versus 44,000 for the student would probably be more that the education credit,
(it would bump him from a 12% tax rate to 22%)
so it probably would not be advantageous to have the student claim the additional income in order to take the credit.
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March 26, 2025
4:55 PM