TAXMAN Posted March 8, 2023 Report Posted March 8, 2023 how to put in a taxable scholarship in ATX. I have tried several ways but I always get the standard deduction coming out wrong. EI was 3755 and scholarship was 4000. Stnd ded should be 4155 however program says scholarship is counted as earned income. Any thoughts. This is causing a 8615 to show up which I expected. Quote
TexTaxToo Posted March 9, 2023 Report Posted March 9, 2023 Taxable scholarships count as earned income for the standard deduction and for meeting the filing requirement. Once there is a filing requirement, they do not count as earned income for anything else. Quote
TAXMAN Posted March 9, 2023 Author Report Posted March 9, 2023 How did I miss that. That's why the 8615 was showing no tax. Thanks for pointing me in the right direction. Quote
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