Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

My child has joined Americorps and has received an income statement. Are these payments taxable?

April 26, 2017AmeriCorps child income joined PAYMENTS received taxable

0

Posted

My child has joined Americorps and has received an income statement. Are these payments taxable?

2 Answers

0

Posted

If you receive an award is listed on a Form 1099-Misc, box-3 other income for $4725.00 with no withholding, than this is reported on line for Other Income on the Form 1040. • As with many foundations of this nature, tax information can be found on the website for the organization. • Visit to website for the foundation for information on their programs and assistance with this issue. Return to index . . .

0

Posted

A If you receive an award is listed on a Form 1099-Misc, box-3 other income for $4725.00 with no withholding, than this is reported on line for Other Income on the Form 1040.