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Deductions & credits
1. No return is required in MI due to the income level. MI-1040 Book
2. Yes, you can apply the expenses to the other college so it is not taxable.
3. Scholarship income is a hybrid income and can trigger the kiddie tax when she files. What is the Kiddie Tax?
- Scholarship income is a hybrid of earned income and unearned income.
- Earned income for purposes of the filing requirement - Single $12,950
- Earned income for the dependent standard deduction is earned income + $400
- Unearned income for purposes of the kiddie tax and other
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‎February 21, 2024
10:30 AM