<p>I just finished my taxes this morning, and now it occurs to me that I might have made a mistake. I do work-study, and my paystubs from this year show no federal or state withholding. I put it in as taxable income, as last year it was taxed, and it was included as part of my gross income. However, I also used information from the 1098 form my school sent me to apply for education credits, and that included the work study income in the 'scholarships and grants' section. With the work study amount in there, it shows that I only paid about 200 dollars out of pocket. Should I have subtracted the amount of my work study from that number? I feel like that income is being counted twice. Did I do it wrong?</p>
<p>I would not expect to see workstudy on a 1098. Workstudy is not scholarship/grant income. It is earned income. I know my daughter’s WS income has never ben included on her 1098. It has always been on a W2.</p>
<p>If it was on the 1098 (which sounds odd) then it should be excluded from your calculations for determining eligibility for education credits.</p>
<p>Work study is an award from financial aid, but the student has to find the job and work the hours, so finaid should/would not report the award as they do not give the money to the student, they merely authorise the employer to draw up to a certain amount.</p>
<p>Work study is a job. You receive a W-2 for it. It is income just like any other income. If you earned less than the amount (about $5000 this year) you won’t be paying any taxes anyway. </p>
<p>W-S is included as income…added to any other income you may have earned.</p>