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mbrice44
New Member

Why do I owe the IRS $215 when I am a student? Did I fill something out wrong?

 
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4 Replies

Why do I owe the IRS $215 when I am a student? Did I fill something out wrong?

Students are not immune from taxes.
Any scholarships or grants?
mbrice44
New Member

Why do I owe the IRS $215 when I am a student? Did I fill something out wrong?

I understand that I am not immune, but last year I got a return.  I did get scholarships

Why do I owe the IRS $215 when I am a student? Did I fill something out wrong?

Scholarships in excess of qualified education expenses are taxable income.

mbrice44
New Member

Why do I owe the IRS $215 when I am a student? Did I fill something out wrong?

My scholarships are not in excess of my tuition expenses.  According to my 1098-T, I paid the school around $3,000.

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