What is the job of a graduate assistant?

Graduate Assistants act as helpers to their departments, students or professors in research or administrative capacity. Their primary responsibilities include assisting professors with various administrative tasks, organizing campus events and conducting various research tasks.

Are fellows considered employees?

Are postdoc fellows exempt? Postdoc fellows are not considered employees by institutions, as they are not paid by the institution. However, reading the directions from the Department of Labor, that is not the same as being recognized as exempt from the FLSA. Postdoc fellows are “permitted” to work at the institution.

Is an assistantship a scholarship?

Assistantships are similar to work-study programs Unlike with scholarships for graduate school, which are essentially free, assistantships are more like a work-study program.

How do I file my taxes as a graduate student stipend?

Collect All Your Income Sources

  1. Your employee income for your stipend or salary will be reported to you on a W-2.
  2. Your awarded income that pays your stipend or salary may be reported to you on a 1098-T in Box 5, on a 1099-MISC in Box 3 or 7, on a courtesy letter, or not at all.

What is graduate assistantship or fellowship?

What is an Assistantship? An assistantship is different from a fellowship. While you still receive money for school, you agree to work on campus. Assistantships work in the same way as work-study programs, but instead of working in the cafeteria or for housekeeping, you usually do work relating to your major.

Are graduate assistantship stipends taxable?

How is stipend or fellowship income treated for tax purposes? Both are usually tax-exempt, as long as you use the money for tuition, fees, books, supplies and equipment required for enrollment and in the pursuit of a degree.

What is the difference between graduate assistantship and fellowship?

Fellowships generally are awarded to students who may freely select the faculty adviser with whom they will conduct research while receiving their stipend. Fellowship assistantships are employees of Purdue. Fellow assistantships receive payments (salary), which is taxable income reported by Purdue to the IRS.

How much are stipends taxed?

A stipend does not count as wages earned, so no Social Security or Medicare taxes get withheld. This means your employer will not withhold any taxes for you. However, a stipend does count as taxable income, so you will need to plan to set aside money for the taxes you will owe on your stipend at the end of the year.

Is a graduate stipend earned income?

Taxable Fellowship – A payment, typically known as a “stipend”, used for living and incidental expenses such as room and board, travel, equipment, i.e. computer or other expenses that are not required of all students enrolled in courses. These payments are taxable income to the student.

What is a tax free stipend?

Stipends are tax-free when they are used to cover duplicated expenses. They cover typical living expenses such as lodging and meals and incidentals. These stipends do not have to be reported as taxable income if you can prove this duplication of living expenses.

What is graduate fellowship?

Graduate fellowships: These fellowships for graduate students subsidize costs related to their graduate school experience, like tuition. Many postdoc fellowships require fellows to teach courses and conduct research. The most generous postdoc fellowships provide funding for both coursework and extracurricular projects.

How much are graduate stipends taxed?

For U.S. citizens, fellowship stipends do not generally have tax taken out at the time of payment. However, the IRS requires Cornell to withhold 14% in taxes from stipends paid to “non-resident aliens” (international students), unless the student is eligible for exemption under a tax treaty.

Do I have to pay taxes on a stipend?

Because stipends are awards and not wages for services, Social Security and Medicare taxes are not withheld. Stipends are still considered taxable income, though. It’s important to note that recipients of a stipend are not self-employed so you don’t need to pay self-employment taxes.

What is a graduate teaching assistantship?

What is a Graduate Teaching Assistant? A graduate teaching assistant is a qualified graduate student who helps a professor conduct lab or study groups, grade papers, or prepare lectures. Sometimes graduate teaching assistants may preside over their own course, with simply some guidance from a professor.