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Education
Q. Is there any other way to get the stipend classified as "earned income"?
A. Simple answer: No.
Because of the "hybrid" treatment of scholarships, the first $13,850 is effectively treated as earned income and not subject to the kiddie tax, because it doesn't get taxed due to the increased standard deduction. This will be reflected in Part I of form 8615.
‎February 1, 2024
7:02 AM