[Special Note: A grantee may pay stipends as scholarships or wages as it determines appropriate. In either case, money received by individuals may be taxable income under the Internal Revenue Code of 1986 and may also be subject to state or local taxes. Grantees should provide students with copies of the United States Internal Revenue Service Publication 4, 'Student's Guide to Federal Income Tax.' If stipends are paid as scholarships, grantees are also encouraged to provide copies of IRS Publication 520, 'Scholarships and Fellowships,' to participants. Questions regarding applicable Federal taxes should be directed to the IRS. Grantees should also provide participants with information on any applicable state or local taxes.]
axiomofchoice wrote:I'm pretty sure it is taxable (and had paid Uncle Sam plenty of money on it already). One REU student I know, her advisor paid her MORE than the rest of us REU students in the same program so that she actually receive the actual amount after tax. Lucky her
WhoaNonstop wrote:Yeah, I was pretty sure it would be, but either way I get a refund. Thanks for the feedback.
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