Quote Originally Posted by ctrlfreq View Post
Leave it to the IRS to lie with technicalities. The reason it won't alter your filing next year is because it is part of the base tax calculation, and not a bottom line adjustment.

And no, there is no such thing as free money. If you get money you didn't pay in, then someone is paying in that isn't getting money.
Yeah I don't know if anyone has heard, but we're trillions of dollars in debt. If we're handing out billions of dollars, that's just going to be more debt that we'll eventually have to pay for with higher taxes.
Not to mention the interest.
OH GOD the interest....

Oh and I don't get one because they don't consider my fellowship to be income in this regard. Although strangely enough, they did see it as income when it came to PAYING taxes...interesting...