1099-MISC, Independent Contractors, and Self-Employed

Question: My child has joined AmeriCorps and has received an income statement. Are these payments taxable?

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 (PDF), Miscellaneous Income. 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 (PDF).

Visit the AmeriCorps website for more information on the Segal AmeriCorps Education Award programs.

Additional Information:

Publication 970, Tax Benefits for Education

Category: Interest, Dividends, Other Types of Income
Subcategory: 1099 MISC, Independent Contractors, and Self Employed

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The OMB number for this study is 1545-1432.
If you have any comments regarding this study, please write to:

IRS, Tax Products Coordinating Committee

SE:W:CAR:MP:T:T:SP

1111 Constitution Avenue NW

Washington, DC 20224

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