Student tax question, fafsa?
I thought I wasn't supposed to file because I made less than $12,000. What I didn't realize is that things are more complicated for dependents. I didn't know I had to file if my unearned income was greater than $1,050 . For the year 2018, I was a full time student (20) and claimed as a dependent. My earned income was $1603 and my unearned income (scholarships exceed tuition) was $7525. Was I wrong in thinking I didn't need to file? I need my 2018 tax information to submit my fafsa and I don't know whether to submit proof of non-filing or tax return. I made an appointment with an IRS center to get a non-filing letter. Should I cancel the appointment and go to a tax preparer instead to file my 2018 taxes? If I did need to file, does that mean I'm going to owe a lot of money now?
回答 (4)
Scholarships are NOT unearned income. To be nice to you, it is classified as earned income. Unless you had, say interest income, you need income of $12,200 or more for 2018 to pay tax.
If you had a legitimate job, with deductions, then you should have filed. What was the basis for your belief that you didn't have to file, based on a less than $12,000 income?
You don't get a choice... you need to file.. Fafsa needs your income.
If you are a dependent, the filing requirement is lower.
File now, and then submit that to FAFSA.
收錄日期: 2021-04-24 07:47:56
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