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#2
03-21-2006, 04:04 PM
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 Re: How do I designate Work Study income? JamesNews wrote: - quote - > All of the money I earned this year was under various Work
If I might ask, what is the significance of having two> Study programs as a graduate level student in the state of > Missouri. I understood that all of this money was to be > Federal Tax free. The income is reported on my W2. How do I > designate the income as Work Study income? > The specifics are: > Fed. community Service Work Study 1,638.12 196.00 > Federal Work Study 21.54 3.00 > Inst. Work Study 5,005.21 645.00 > Totals 6,664.87 844.00 columns? I ask since they are not labeled. ChEAr$, Harlan Lunsford, EA n LA << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
03-21-2006, 03:25 PM
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| Re: How do I designate Work Study income? JamesNews wrote: - quote - > All of the money I earned this year was under various Work
Your understanding was incorrect. You have taxable> Study programs as a graduate level student in the state of > Missouri. I understood that all of this money was to be > Federal Tax free. The income is reported on my W2. How do I > designate the income as Work Study income? > The specifics are: > Fed. community Service Work Study 1,638.12 196.00 > Federal Work Study 21.54 3.00 > Inst. Work Study 5,005.21 645.00 > Totals 6,664.87 844.00 compensation as reflected in Box 1 of your W-2. The following FAQs at Florida State University explain the FWS program. http://www.finaid.fsu.edu/saveatrip/workstudy.html << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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03-21-2006, 02:47 PM
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| Re: How do I designate Work Study income? "JamesNews" <James_News[at]Jamesplace.net> wrote: - quote - > All of the money I earned this year was under various Work
Evidently you misunderstood. It's wages reported on line 7> Study programs as a graduate level student in the state of > Missouri. I understood that all of this money was to be > Federal Tax free. The income is reported on my W2. of the 1040. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
03-20-2006, 07:03 AM
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| How do I designate Work Study income? All of the money I earned this year was under various Work Study programs as a graduate level student in the state of Missouri. I understood that all of this money was to be Federal Tax free. The income is reported on my W2. How do I designate the income as Work Study income? The specifics are: Fed. community Service Work Study 1,638.12 196.00 Federal Work Study 21.54 3.00 Inst. Work Study 5,005.21 645.00 Totals 6,664.87 844.00 Thank you. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| designate, income, study, work |
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