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Education
Yes
Scholarship income is reported as "earned income" where the distribution is Unearned.
Once Unearned income for a Dependent passes $350, there will most likely be tax generated.
Besides the combination of expenses and payments, the American Opportunity Tax Credit may only be used four times per student, so payments made in December might be better to be made in January of the following year.
Pre-planning can pay off.
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March 1, 2022
5:57 AM