Will co-op money affect financial aid?

Paying for College
5

<p>

There’re many factors to determine your tax. See [Publication</a> 17, Your Federal Income Tax](<a href=“http://www.irs.gov/uac/Publication-17,-Your-Federal-Income-Tax-1]Publication”>http://www.irs.gov/uac/Publication-17,-Your-Federal-Income-Tax-1). For starter:</p>

<p>If you’re a dependent student <a href=“can’t%20claim%20an%20exemption%20for%20yourself”>b</a>**, mostly:
Your gross income - standard deduction = taxable income. Use tax table of correct year to find you tax.</p>

<p>See Needingtaxhelp’s post in <a href=“http://talk.collegeconfidential.com/financial-aid-scholarships/1488303-where-does-scholarship-income-go-childs-return.html[/url]”>http://talk.collegeconfidential.com/financial-aid-scholarships/1488303-where-does-scholarship-income-go-childs-return.html&lt;/a&gt;. Also, <a href=“http://www.irs.gov/pub/irs-pdf/i1040tt.pdf[/url]”>http://www.irs.gov/pub/irs-pdf/i1040tt.pdf&lt;/a&gt;.&lt;/p&gt;

<p>If you’re independent student <a href=“can%20claim%20an%20exemption%20for%20yourself”>b</a>**, mostly:
Your gross income - exemption -standard deduction = taxable income. Use tax table of correct year to find you tax.</p>

<p>See [In</a> 2012, Many Tax Benefits Increase Due to Inflation Adjustments](<a href=“http://www.irs.gov/uac/In-2012,-Many-Tax-Benefits-Increase-Due-to-Inflation-Adjustments]In”>http://www.irs.gov/uac/In-2012,-Many-Tax-Benefits-Increase-Due-to-Inflation-Adjustments)</p>