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Under the new tax law for 2018, will the taxable part of scholarships be taxed at the rate of 37% above $10000 like other unearned income?
Taxable part of scholarship being the amount used for room and board. It is unearned income but is not money from a 'money making enterprise' i.e. interest, etc. This is in relation to the kiddie tax rate of 2018.
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‎June 4, 2019
5:31 PM