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Deductions & credits
Box 1=$13561, Box 5= $18675. I followed all the steps that Turbotax asked for her taxes claiming the difference as income. It was confusing to me but they used our income to determine something about it. I have always understood our taxes ( I thought) until she ended up, thankfully, with so many scholarships. My son also has a larger box 5 than box 1 but by a smaller amount. He graduated in May but we are claiming him this year. I guess there might be a benefit to filing his differently. He did not owe taxes last year because his job plus the extra income was less than that required to owe more taxes than paid in.
‎June 4, 2019
5:03 PM