<p>i noticed that whenever i get paid from a workstudy, taxes are already deducted from it. does workstudy money count as wages and toward the minimum amount of money that you make before you have to pay taxes?</p>
<p>Yup, workstudy is taxable income. It will not count as income towards calculating your EFC on the FAFSA formula for next semester, but it is taxable income subject to deduction and personal exemption.</p>