Stipends would be considered taxable income. Although, they are not treated the same as wages earned and are not subject to Social Security and Medicare taxes. In most cases, they are considered a form of compensation paid and considered earned income. Unearned income includes investment-type income such as taxable interest, ordinary dividends, capital gain distributions, unemployment compensation, taxable social security benefits, pensions, annuities, cancellation of debt, and distributions of unearned income from a trust.
For more information on stipends, see the link below:
Stipends
@Anonymous
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