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College Student Scholarships And Grants

Dan Said:

I am wondering what the maximum amount of money a full-time college student can make and still recieve full?

We Answered:

If your taxable income is more than $5350, you owe taxes. That's because the highest standard deduction available to a single adult (me too!) is $5350. After that you are in the bottom of the 10% tax bracket.

If you use any portion of a scholarship/fellowship or grant for anything other than tuition, it's also taxable as income.

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