just added information that is often confusing. The scholarships and grants in excess of qualified education expenses are considered both earned and unearned income for kiddie tax purposes. If you are a student under 24 who is full time you will have to file a return if the income and other unearned income is in excess of $1,050 due to unearned income tax rules. You will only owe taxes to the extent though your total earned, inclusive of excess over eduction, exceeds your standard deduction (single student this year $6,350). You must still file a tax return if under 24 years old and amounts are over $1,050 even if not owing taxes.
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**Mark the post that answers your question by clicking on "Mark as Best Answer" I am NOT an expert and you should confirm with a tax expert.
