I didn’t run any actual numbers, but I do wonder if it actually increases the amt beyond what it would have been prior. We didn’t see an increase. It is hard for me to tell if that is an accurate assessment bc dd’s scholarship is less than her brother’s was. But, just thinking it through, it seems like the current system would have resulted in less for him due to the $12,000 individual deductible vs the $6300 threshold determinant/exceed $2000 under the old kiddie tax rule. Except for the yrs he had REU $$ in addition to his institution scholarship $$, his non-QEE scholarships wouldn’t have exceeded $12,000 by much, if any.
Anyone have a student who had the same amt of full-ride scholarship under the old and new tax laws? What were your results? More or less owed?