ROTC and Taxes

[Jcleppe]

I know this is a bit late for this year but I have a question regarding dependents for anyone in the know.

If your son or daughter is attending college with a ROTC Scholarship that is being used for tuition, can the DD/DS still be claimed on the parents taxes as a dependent.

I know that cadets at the academies cannot be claimed as dependents of the parents taxes, but I have read conflicting and sometimes confusing info regarding ROTC.

I will of course consult a tax professional but I thought I would bring it up here in case anyone else was wondering the same thing.

Thank you

 

[paradoxer]

Yes they can still be a dependent

I know this is a bit late for this year but I have a question regarding dependents for anyone in the know.

If your son or daughter is attending college with a ROTC Scholarship that is being used for tuition, can the DD/DS still be claimed on the parents taxes as a dependent.

I know that cadets at the academies cannot be claimed as dependents of the parents taxes, but I have read conflicting and sometimes confusing info regarding ROTC.

I will of course consult a tax professional but I thought I would bring it up here in case anyone else was wondering the same thing.

Thank you

A full tuition (or even tuition + room and board) ROTC scholarship would not disqualify them from being a dependent, this would be no different than having a merit based scholarship for a fantastic GPA/ACT record.

 

[bjc]

I know this is a bit late for this year but I have a question regarding dependents for anyone in the know.

If your son or daughter is attending college with a ROTC Scholarship that is being used for tuition, can the DD/DS still be claimed on the parents taxes as a dependent.

I know that cadets at the academies cannot be claimed as dependents of the parents taxes, but I have read conflicting and sometimes confusing info regarding ROTC.

I will of course consult a tax professional but I thought I would bring it up here in case anyone else was wondering the same thing.

Thank you

I would also like to know the answer to this...this is my reaction to doing taxes each year ...so any information would be great!

 

[bjc]

A full tuition (or even tuition + room and board) ROTC scholarship would not disqualify them from being a dependent, this would be no different than having a merit based scholarship for a fantastic GPA/ACT record.

Will you get a tax form (I think it was a 1099?) from the Army/Navy/AF listing the ROTC scholarship amount paid for your son/daughter just like you get from the university when your son/daughter has an academic scholarship from the university?

 

[paradoxer]

University Issued

Will you get a tax form (I think it was a 1099?) from the Army/Navy/AF listing the ROTC scholarship amount paid for your son/daughter just like you get from the university when your son/daughter has an academic scholarship from the university?

The 1098-T which you refer to is issued by the university and should include the ROTC scholarship. The 1098-T reflects calender year not the academic year which means you may have to do some math to compare the periods for tax purposes.

 

[bjc]

The 1098-T which you refer to is issued by the university and should include the ROTC scholarship. The 1098-T reflects calender year not the academic year which means you may have to do some math to compare the periods for tax purposes.

Thanks!

 

[dunninla]

I won't have to really know this until next year, but from following discussions about this topic here on this BB, I understand that

ROTC Tuition/Fees: NOT taxable
ROTC subsistence pay (aka $300/month, $350/mo, etc.) is NOT taxable
Book Stipend: NOT taxable
Transportation reimbursement for Aug/May: NOT taxable
University reimbursing Room/Board for some ROTC students: Taxable
Summer work pay in ROTC/NROTC/AFROTC: Taxable

This is a good read:

http://www.irs.gov/individuals/students/article/0,,id=96674,00.html I have no clue if it is current.