Thank you for your response. Here’s the breakdown of scholarships: $6,000 non-tuition but can can be used for fees/books
$1,000 housing award
$500 non-tuition scholarship
$250 NYS Merit Excellence award $648.26 NYS TAP
For tuition and fees breakdown is:
$7,070 tuition
$2,642 fees
The $4,858 figure I got from subtracting the fees, NYS Merit, and NYS TAP from his total scholarships
($8.398.26-2,642-$250-$648.26). My reasoning is that the NYS Merit and NYS TAP could be used to pay for qualified expenses. The $4,858 is what my son would claim as income on his taxes.
But from reading your message, since he didn’t make over $14,600 then he shouldn’t file at all? My only concern is he made $9,627 in income from a job. Do I need to add the income from the scholarships to determine if he needs to file or is this $14,600 threshold purely income from a w-2?
When you say to claim the full $4000 for the AOTC credit, would I do that by putting $4,000 for qualified expenses and $0 for scholarships?
Thanks for your help!
