College work study program wages?
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Are college work study program wages taxable? My oldest son, in college, works at a Veterans Home as his work study job. He does remember filling out a W-4, but due to the college being paperless, he only gets direct deposits of the wages, no paystubs. He saw something on the college's website about no taxes, soc. sec. etc. taken from work study positions, so now we are wondering is these wages are taxable since ultimately is was used on his education, tuition and supplies.
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Answer:
These wages are federally and state taxable. They are generally not subject to Social Security and Medicare withholding and taxation though. Your son will receive a W-2 for these wages.
Sheila at Yahoo! Answers Visit the source
Other answers
When I did work study they were taxed by the Federal and the State. I got all of it back though when I filed my taxes. If he didn't make enough he may not have to file, but will probably want to as he'll get it all back.
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