1099-MISC, Independent Contractors, and Self-employed
Question: My child has joined AmeriCorps and has received an income statement. Are these payments taxable? |
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Answer: Yes. AmeriCorps Education Awards and living allowances are taxable in the year they are paid. If you receive an award you should receive a Form 1099-MISC. The 1099-MISC will show your award dollar amount in box-3 Other Income, with no withholding. Report these amounts on line 21 for Other Income on the Form 1040. Visit the AmeriCorps website for more information on the Segal AmeriCorps Education Award programs.
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Page Last Reviewed or Updated: January 17, 2012







