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Education
ROTC money is tax free; just like the service academies.
The $6300 rule is probably not applicable in your case. However, for anyone else reading this: it is also not specific to scholarships. It is only the income level at which a student dependent will start owing tax. So, $6300 is the usual filing requirement for a dependent ( a dependent with investment income or self employment income has a lower threshold)
The $6300 rule is probably not applicable in your case. However, for anyone else reading this: it is also not specific to scholarships. It is only the income level at which a student dependent will start owing tax. So, $6300 is the usual filing requirement for a dependent ( a dependent with investment income or self employment income has a lower threshold)
May 31, 2019
5:51 PM