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Education
Your son's excess scholarship is taxable TO HIM. It does not go on your tax return.
If the taxable amount is less that $12,950 and he has not other income, he does not need to file a tax return.
If he does have other income, $12,950 total income is still the filing requirement, unless that other income is unearned income (e.g. interest, dividends, capital gains).
‎January 30, 2023
5:40 AM
398 Views