Joined: Sun 08-20-2006 5:50PM Posts: 711 Location: the darkest pits of hell
Source: Off Campus
So, I'm in a strange predicament. After moving on from MS&T I've landed a rather nice (read: easy as shit) full time grad assistant job that pays graduate tuition plus a stipend.
What I wonder is if this income is taxable. I thought I read somewhere that both the tuition reduction and stipends were, but I've never filled out any tax information or anything. The U just hands me a check, no withholding.
I can't get a straight answer from the school so I wonder what Rolla does in these matters, or if anyone knows the actual tax law. If I don't claim it is the IRS going to hunt me down and beat me with hammers?
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Joined: Sun 08-15-2004 9:36PM Posts: 4957 Location: ~~~~\o/~~~~~
Source: Off Campus
being that the university is a state government entity, I doubt they are just skipping taxes. I would ask your advisor or grad department coordinator and not seek42
Joined: Sun 08-20-2006 5:50PM Posts: 711 Location: the darkest pits of hell
Source: Off Campus
that's a really fancy way of saying you have no clue just wondering if anyone knows a general precedent off the top of their head. of course I'll hunt down someone at some point.
_________________ "In theory, there is no difference between theory and practice. But, in practice, there is."
The university doesn't know because they aren't your tax attorney. Stipends fall under a different category than straight wages. They are usually taxable but there are more deductions that can be taken. I've even seen it filed under self-employment. Ask a tax person because it depends on your situation.
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5 days ago, the university mailed me a W2 for my TA work last semester, idk if it's the same for a research gig or not, but i would assume that it is. I don't think that the tuition coverage is taxed, i'm going to treat it like financial aid since that's what the school calls it and not include in on my 1040 EZ.
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