I'm a college student trying to figure out taxes. I have college work study and being, technically, a grant, I'm questioning whether I have to file that income? I would think so, but I've heard different stories. I don't want to be audited or anything like that. Can someone please help?
2007-04-05 06:12:31 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
As long as you receive a W2 or 1099 MISC for your college work study, you have to file taxes.
2007-04-05 07:15:38 · answer #1 · answered by Ola 4 · 0⤊ 0⤋
Work study isn't usually categorized as a grant, although it can be classified as exempt from social security under some circumstances.
If you got a W-2, you include it on your tax return.
2007-04-05 13:16:27 · answer #2 · answered by Judy 7 · 3⤊ 0⤋
Work study is considered income and you MUST report it on your tax return. You should have gotten a W-2 from your school.
2007-04-05 13:23:33 · answer #3 · answered by dewkisses02 4 · 3⤊ 0⤋
No, because its work study. You are working to pay off your loan right? You are fine.
2007-04-05 13:18:46 · answer #4 · answered by ValentineP 4 · 0⤊ 8⤋