topic Yes in Education

T32 NRSA Grant Income

seagercat — Tue, 04 Jun 2019 20:54:55 GMT

I need to report income from a T32 NRSA grant. What do I list as the employer name and ID number? NIH does not work.

The answer to your question is that, unless you received...

GeoffreyG — Tue, 04 Jun 2019 20:54:57 GMT

The answer to your question is that, unless you received an actual W-2 from the National Institutes of Health, you won't want to enter this income under the regular W-2 TurboTax interview (which it seems like you are attempting to do, given that you ask about an "employer name" and EIN "number".)

Instead, you will enter this income on your tax return somewhat differently. While it is certainly still taxable income, a grant like this is not wage income, nor is it subject to Social Security or Medicare taxes.

For more details and a discussion, please refer to the following AnswerXchange posts:

https://ttlc.intuit.com/questions/3726385

https://ttlc.intuit.com/questions/3840431

The information found there will also show you how to (correctly) enter your NIH T32 grant income into TurboTax, which will then ultimately appear on your personal tax return.

Thank you for asking this question; and good luck with your future professional activities.

Re: The answer to your question is that, unless you received...

gabriellapugh1 — Wed, 04 Sep 2019 16:40:01 GMT

Since my T32 went into effect, I noticed that my pay is not being taxed at all. Does this mean I will have to pay a large lump sum back in taxes at the end of the year?

Yes

JohnGoertz — Mon, 30 Sep 2019 23:18:26 GMT

Yes, you will owe Federal and potentially State taxes. In fact, you actually owe those taxes right now, but because they're not withheld from your paycheck, you're responsible for paying them on your own either monthly or quarterly; if you don't you could owe a penalty when you file.

See here for paying estimated taxes:

https://www.irs.gov/businesses/small-businesses-self-employed/estimated-taxes

Re: Yes

Hal_Al — Tue, 01 Oct 2019 19:16:32 GMT

It depends on the amount, your filing status and your other income. If you have less than $12,000 total income, you will not owe ant income tax.