<p>I recieved $3,155.00 in Financial Aid in 2009. I was told that I did not need to file any taxes because it was under a certain amount. The more I thought about it the more I worried that this was incorrect information. I am not a dependant and the Financial Aid was my only income for the year. Can anyone tell me if I should file and what forms I need to use if I do.
Thank you.</p>
<p>For Federal income tax if your income is less than $9350 (assuming you are single not a dependent) you owe no Federal tax and don’t need to file.</p>
<p>You will have to check for your state.</p>
<p>That’s assuming, of course, your financial aid would even be considered income. This is a somewhat complicated topic. I believe if you are undergrad and you pay at least that amount in tuition, it is not income at all. If you are a grad student, it is trickier.</p>