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Tax Filing Information

For federal income tax purposes, earned income includes wages, tips and taxable scholarships. In order to determine whether or not you must declare some of your scholarship received in 2013 as part of this earned income, please read the following chart carefully. When you receive your W-2(s) for 2013, review your wages, tips and earned interest as well as taxable scholarship (if any) from form 1098-T in order to determine if you will be required to file a federal income tax return (1040EZ, 1040A, 1040, or 1040-NR). More information about tax filing rules for students can be found at: http://www.irs.gov/

Use the figures listed below to determine if you will have any taxable scholarships.

You must include the following student aid as sources of taxable income:

  • Federal Work-Study earnings
  • Student Employment earnings
  • Scholarships from all sources (Dartmouth, Federal Pell, Federal SEOG, State Grants, outside scholarships) in excess of tuition, fees, and required books (for which you have the receipts.)

Use the chart below to calculate your taxable scholarship amounts:

How To Determine Taxable Scholarship Assistance

 

Winter

Spring

Summer

Fall

Tuition

$14,594

$14,594

$15,148

$15,148

Fees

$420

$420

$436

$436

Books

*

*

*

*

Total

$15,014

$15,014

$15,584

$15,584

Scholarship

$15,000

$15,000

$16,000

$16,000

Taxable Scholarship

$14

$14

$416

$416

If, for example, your total scholarship from all sources was $15,000 in the winter of 2013, $14 would have to be declared as taxable income from that term ($15,000-$15,014.) Review your financial aid awards from 2012-13 and 2013-14 (the two academic years in calendar year 2013) to determine the taxable amount from each enrolled term in 2013.

* - Remember to only include the costs of books when you have the receipts.

Last Updated: 10/10/13