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re: Tax Question - Grad Assitant
Posted on 2/9/15 at 4:05 pm to Poodlebrain
Posted on 2/9/15 at 4:05 pm to Poodlebrain
Yea I guess I need to look at this closer. 1098-T and her W-2 seem be accounting for the same dollars. SO i guess I need to make sure turbo tax is treating the tuition deduction correctly to offset it.
1
Posted on 2/13/15 at 9:17 pm to Drilltiger
My son is a grad assistant as well ... the 1098T shows an amount in the scholarship and grant box that equals his spring semester of TOPS and grad school tuition from the fall (year 2014 obviously).
The w2 shows box 1 wages, tips other compensation his TUITION PAID by LSU as well as his "salary" that he received. Federal income tax was withheld on all of it while SS & Medicare were withheld from the "salary" part.
Is that right? Federal taxes withheld from the "compensation" (tuition) AND wages? Does he need to do something? I'm assuming this is standard and he should get a refund ... he needs to definitely adjust his witholdings.
The w2 shows box 1 wages, tips other compensation his TUITION PAID by LSU as well as his "salary" that he received. Federal income tax was withheld on all of it while SS & Medicare were withheld from the "salary" part.
Is that right? Federal taxes withheld from the "compensation" (tuition) AND wages? Does he need to do something? I'm assuming this is standard and he should get a refund ... he needs to definitely adjust his witholdings.
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