mardi 28 février 2017

Disability Benefits: Social Security Credits and Non-Qualified Expenses of a Student

A student is 4 year degree student with WGU and he received Pell grant $ 2908 + WA state need grant - $2810 = Total $5718.

Tuition with WGU was only $3035 for 6 months (that includes books and other fees) term and remaining amount of $2683 was paid to him as refund.

To my understanding this refund money he got is considered taxable income because it was not for qualified expense like Tuition etc.

Once he declare this extra refund he got from his school he can get American opportunity credit correct?

Also if this is considered taxable income can he earn social security quarterly credits ? I am not sure if its considered earned income and I believe
you can only get social security credits if its earned income?

Because amount of refund he got is $2683 I guess he can earn two social security credits?


Disability Benefits: Social Security Credits and Non-Qualified Expenses of a Student

Aucun commentaire:

Enregistrer un commentaire