Nov
8
Akrum asked:
I want to file for a tax return this year in order to take advantage of the stimulus program. I have a W-2 but I only earned $660 in 2007. However, I started college and received about $27,000 in financial aid. Can I include this figure as part of my income so that I can go satisfy the $3000 minimum to take advantage of the program?
EDGAR
I want to file for a tax return this year in order to take advantage of the stimulus program. I have a W-2 but I only earned $660 in 2007. However, I started college and received about $27,000 in financial aid. Can I include this figure as part of my income so that I can go satisfy the $3000 minimum to take advantage of the program?
EDGAR
Comments
2 Responses to “Can I include financial aid as part of my income on my tax return?”
You didn’t earn it, so no. Even if you could, your taxes would be higher than your rebate.
An educational institution or fellowship are treated as scholarship or attendance at an educational institution amounts you receive as taxfree amounts you are candidate for degree at the following.
The amounts you receive as scholarship or for degree at an educational institution or for additional.