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Education
The $5,000 comes from the example:
Books and computers are also qualifying expenses for the AOC. So, extending the example, the student had another $1000 in expenses for those course materials, paid out of pocket. She would only need to report $5000 of taxable scholarship income, instead of $6000.
Box 1 $12,511
Box 5 $6,413
There’s no info at spoiler.
She has additional income from working and school expenses such as: books, laptop. Approx $1,300
March 20, 2025
9:55 AM