How do I calculate the taxes I owe on a fellowship that I started receiving in September?

[jessicaadugan]

This fellowship replaces the one I received January - August of 2015 that already had taxes taken out. I know I need to pay individual estimated taxes on the new fellowship because it is not used toward tuition, supplies, etc.

[AshleyRose1]

Taxable scholarship and fellowship amounts are the parts used for:
    • Payments for teaching, research, or other services performed.
    • Incidental expenses; room & board, optional equipment, & travel.

In TurboTax, enter your scholarship under Federal Taxes – Deductions & Credits (click I'll choose what I work on), Your Deductions & Credits, the Expenses and Scholarships topic (Form 1098-T) under the Education group.

The taxable portion of scholarships (or fellowship grants) should be reported on line 7 of Form 1040 (Wages, salaries, tips, etc.) with the notation "SCH." and the taxable amount of the scholarship.

Also, see this link for additional information and Worksheet 1-1.Taxable Scholarship and Fellowship Grant Income to figure out the taxes that you owe on your Fellowship Grant.  https://www.irs.gov/publications/p970/ch01.html