Hi aishaliane, thanks for posting an event question.
Assuming the circumstance is the same tax year 2023 as that of tax year 2022, you report the fellowship stipend as other income that is subject to income tax.
Please use TurboTax Tax Caster to estimate your tax year 2023 tax liability, if any.
https://turbotax.intuit.com/tax-tools/
Generally, you must make estimated tax payments for the current tax year if both of the following apply:
- 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.)
Estimated Tax FAQs
https://www.irs.gov/faqs/estimated-tax
Hope the above helps.
Thank you,
Kitty
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