Posts Tagged ‘taxed’

R.A.s not taxed on room, board

Tuesday, March 24th, 2009

Dear College Money Guru,
My daughter has been a resident adviser during her sophomore and junior college years. This year, apparently, (because) two semesters of being an R.A. show up for tax year 2008, our accountant said she would have to file and pay taxes on approximately $9,000 — free room and board for being an R.A.– plus $2,400 of earned income.

My two other college students qualify for Pell

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