hi so i’m a second year college student. my 1098-t is saying 15k for line 1 and 27k for line 5. i know that the $12k in the middle is taxable, but how much will this be taxed? in total for 2024 i made $15,500 including part time jobs, and this excess refund. will i have to pay on the full 12k? or a portion? and how much percentage? i’m just terrified im going to have to pay thousands in taxes when i use the money for housing. my mom is claiming me on her taxes as well if this makes any difference.
