Donny Posted February 9, 2008 Report Share Posted February 9, 2008 client is in college , worked for college received w2, no taxes taken out,. but this is taxable to her, correct? just because she worked at the college does not make it exempt, right? Quote Link to comment Share on other sites More sharing options...
lbbwest Posted February 9, 2008 Report Share Posted February 9, 2008 It's taxable for Federal & possibly State HOWEVER, public college DON'T withhold or pay on the Social Security/Medicare portion for students. lbb Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted February 9, 2008 Report Share Posted February 9, 2008 If it is a regular W-2 [same amount in box 3, 5 and 7] then it is normal taxable income. If it is a work-study W-2, the income will be in box 3, but not in box 5 or 7, because that kind is exempt from the payroll taxes. But still taxable for Income tax. Often has no withholding because it is not enough to be taxable, if that is the only income. Of course, if she has other income, that may not be true. Quote Link to comment Share on other sites More sharing options...
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