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Get your taxes done using TurboTax
The IRS only has Form 1040 and Form 1040-SR for taxpayers who are age 65 or older so your daughter will file Form 1040.
You can start with the TurboTax Free Edition. If you need an upgrade, TurboTax will ask you to upgrade within the programme.
VA benefits are not taxable.
Scholarships are not taxable unless they exceed the cost of your qualified educational expenses. You must include in gross income:
- Amounts used for incidental expenses, such as room and board, travel, and optional equipment.
- Amounts received as payments for teaching, research, or other services required as a condition for receiving the scholarship or fellowship grant.
Topic No. 421 Scholarships, Fellowship Grants, and Other Grants
The 2022 standard deduction for single filers is $12,950. It’s possible your daughter may not have to file a return. You can start for free in TurboTax Online. If you are not required to file, you can clear your data and not finish the process.
June 8, 2022
1:55 PM