The change is that it is being taxed like estates and trusts, which is a big hit. Before, it was taxed at the parents rate for UG students up to age 24. For low income families, this can be substantial for kids with a big scholarship.
The change is that it is being taxed like estates and trusts, which is a big hit. Before, it was taxed at the parents rate for UG students up to age 24. For low income families, this can be substantial for kids with a big scholarship.