<p>What is the midshipman stipend considered for tax purposes?
Trying to see if it needs to be included in 2008 tax return, when there was pre-USNA employment.</p>
<p>Yes, your mid should already have his w2 from the Academy and ready to do his taxes. All income during 2008 has to be reported just like the rest of us. Also, the income is the total pay, not just what he sees deposited in his bank account. I seem to remember that it was somewhere about $5300.00 for the six months.</p>
<p>Yes it is considered income for tax purposes, is reported on a W2 and must be reported on a tax return (If income is high enough to require filing a return).</p>
<p>from <a href=“http://www.irs.gov/pub/irs-pdf/p970.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/p970.pdf</a>, page 7</p>
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