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Questions tagged [scholarship]

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1answer
30 views

Canadian scholarships of a spouse

This a hugely helpful site, and I did my best to research my question before asking it, but my situation seems to be a bit too specific. My wife is a full-time PhD student at a Canadian university ...
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1answer
247 views

How to enter correct amount in Non-US tax return in CSS Profile?

My question is regarding the vagueness of the point underlined in red in the picture below. How can I differentiate what amounts to put in "wages, salaries, commissions and tips" and the amounts from "...
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1answer
41 views

How to smartly enter information of the CSS Profile and IDAC form?

All need-based financial aid colleges in the USA require filling out the CSS Profile and IDOC Form to determine financial need. Hence it is in the student and his family's interest to show their ...
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0answers
70 views

Will I receive a refund of the tax on my Nonresident Alien scholarship?

I'm Canadian and will attend a university in the U.S.A. this fall 2018. I received a full scholarship, but they took a portion of federal and state taxes from my scholarship. I'm a nonresident alien. ...
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0answers
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Can I report scholarship only for calendar year on a 1098-T?

A 1098-T form is what U.S. schools send you (with the government cc'd) with your tuition payments and scholarship/fellowship info, mostly to determine your eligibility for education tax credits. ...
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0answers
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CA income tax for student fellowships: is all of Box 5 - Box 1 of 1098-T taxable by CA?

I have received a 1098-T due to receiving a fellowship from my school. Box 1 is all qualified expenses. This portion is not taxable by either CA or Federal. Box 5 is the total of the fellowship ...
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0answers
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What tax year do I claim a fellowship if it is on both the 2017 1098-T and the 2018 1042-S?

Note: I am an international student and receive a yearly 1042-S. I got a fellowship in November 2017 but my University did not distribute the money until January 2018. Because I am an international ...
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0answers
97 views

Is there any reason I'd prefer having my school not report a 1098-T?

I didn't get a 1098-T from my school this year. I contacted them about it, and they said it wasn't required in my case, but they went ahead and issued it anyway since I asked. They also told me they ...
2
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1answer
536 views

My fellowship income was reported in Box-7 of 1099-MISC. How do I report it?

I am a grad student, and am supported by a living stipend from a government supported fellowship program. The contracted company managing this program sent everyone MISC-1099 forms, and reported the ...
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1answer
115 views

Scholarship Tuition Reimbursment

I recently received a military scholarship which covers all of my tuition and housing at my university. The military will be back-paying the costs, so the university will send a check that reimburses ...
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1answer
1k views

Does scholarship money count as earned income? (Specifically for Line 29, Form 6251, exemption for AMT)

The instructions for Form 6251 include a worksheet for calculating Line 29. Line 8 of that worksheet asks for "earned income". The instructions state "Earned income includes wages, tips, and other ...
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0answers
52 views

How to fund a masters program I'm accepted to attend internationally?

I'm graduating in 4 months, I've applied to a masters' degree and my problem is funding it. I'm from a very poor and developed country and I can't afford the expenses. Does anyone have suggestions ...
4
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1answer
182 views

College Debt/Collections

I graduated from a community college in Alabama 10 years ago on scholarship. I receive a call from an attorney a few months ago regarding unpaid tuition/fees from this particular college.He is ...
1
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1answer
165 views

Determining if an undergraduate scholarship stipend is eligible for an IRA

I'm a recipient of an undergraduate scholarship that covers full tuition and provides an additional annual stipend (paid directly to me) for general living expenses in return for employment after ...
1
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1answer
48 views

Can a Canadian citizen claim tax-exemption on a U.S. scholarship intended for travel costs?

I am a Canadian citizen, and have received a scholarship of $750 from a U.S. institution to pay for lodging and travel costs. I am required to fill out a W-8BEN form, and I was wondering if I can ...
4
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1answer
133 views

Is a fellowship grant for research automatically “for personal services”, and thus wages?

(I would like to note beforehand that I am not discussing the taxability of a scholarship or fellowship here. This is purely about finding the right category for some certainly taxable income, for ...
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1answer
97 views

Taxable scholarship is part of AGI. How do I calculate how much tax I have to pay?

I am filing taxes for the part time, and I don't know how much tax I have to pay. IRS says that taxable scholarship should be listed on the wages line, and this is eventually added to AGI. However, ...
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2answers
467 views

Why is the room and board portion of scholarships taxable?

As the federal tax return deadline approaches, I am starting to plan for taxes. However, I don't understand why the room and board expenses in a scholarship are taxable. I am an independent student ...
3
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1answer
111 views

Receive Multiple Grants?

Is it possible to receive multiple grants? I was approved for a TAP grant. But is it possible to also get a Pell grant, FSEOG grant, LEAP?
3
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2answers
218 views

How much will I potentially receive from grants?

After reading this question which gives a general overview of strategies of how to pay for college, it wasn't clear to me exactly how much "a dent in what you'd pay" could be, particularly in the case ...
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3answers
1k views

Can standard deduction lower my tax bracket?

I am an independent college student, and I will be living on campus starting next semester. I am aware that only tuition and required fees are considered as qualified education expenses and that the ...
1
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1answer
65 views

How can I find scholarships for college in my area?

There are tons of scholarship websites listed on Google, but they don't seen to contain the same data. Is there someplace I can go to view a more comprehensive database? I'm especially interested in ...