Retirement tax questions


@Lg34 wrote:

Great - thank you for your response! Does this apply to graduate and undergraduate students (as the table seems to suggest), or just graduate students (as the example seems to suggest)?  We have an undergraduate.


Per IRS Pub 590-A

https://www.irs.gov/publications/p590a#en_US_2020_publink1000230355

 

Graduate or postdoctoral study.

Compensation includes any income paid to you to aid you in the pursuit of graduate or postdoctoral study.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**