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Education
Hi @Hal_Al My son received a $2000 scholarship prize from a private firm in 2024. Can this amount also be considered a hybrid between earned and unearned income? If so, the amount of taxable income exceeding $14600 would be $1432. $1432 is considered unearned income and subject to Kiddie Tax, right? I'm a bit confused as to how the Kiddie Tax is applied to $1432. Thank you in advance for your help.
March 14, 2025
9:17 AM