Yes, this will be US based income and you will need to pay taxes on it. The amount of tax is difficult to ascertain without knowing the amount of the scholarship and the amount of your salary. As far as determining if you need to make quarterly tax payments or not, here is a guide that can help you make the decision.
- You expect to owe at least $1,000 in tax for the current tax year after subtracting your withholding and refundable credits.
- You expect your withholding and refundable credits to be less than the smaller of:
- 90% of the tax to be shown on your current year’s tax return, or
- 100% of the tax shown on your prior year’s tax return. (Your prior year tax return must cover all 12 months.
'The first bullet point is something you may be primarily concerned with. Also, in 2024 when you become a Registered Alien, the scholarship will need to be reported as income.
Best of luck in your future endeavors and may your future be bright.
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