3243948
Hi,
I am a postdoctoral fellow (not a student) who is a resident alien without a tax treaty. So, I received just a statement for my fellowship award stating the amount received. They also guided us, saying that as this is an award and not a wage, it is not subject to FICA tax. I am assuming the federal tax is around 7-8% and the FICA tax is around 8%, so for my case of a fellowship award, I should be taxed only the federal amount, i.e., 7-8% (correct me if I am wrong)? When I enter the required details to turbotax using the "other income solution" that many posts mention, it moves my award amount to Schedule 1 (line 8r) hopefully, which avoids the additional self employment tax. However, it appears I am still taxed to the amount of 13-14%. Do you know how I can fix this?
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The Federal income tax rate starts at 10% and quickly jumps to 12%.
Look at the forms. Your income tax is shown on line 16 of form 1040. The self employment tax (FICA) is shown separately on line 23 (transferred from Schedule 2)
Ah I see, Thanks!
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