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studentresearche
New Member

I applied and received an undergraduate research award this past year. How much tax can I expect to pay?

I received a $6000 research award. The website for the award states that this amount is to be administered as a stipend. I received my payment over the course of this past summer during which I completed a research project. I completed a W9, but no tax was withheld from the award I received this summer. My total income for the tax year will barely be over $6000 (not more than $6500). How much can I expect to pay in taxes?

1 Best answer

Accepted Solutions
juliob
Level 2

I applied and received an undergraduate research award this past year. How much tax can I expect to pay?

If your stipend is education related, then you will need to determine if it's taxable.

Non-Taxable Fellowship  - A fellowship payment received by a candidate for a degree, also called a “scholarship” payment by the IRS, is not taxable income to the student if it is used only for tuition and required fees and/or course related expenses, such as fees, books, supplies and equipment that are required of all students enrolled in courses. These payments are not taxable income to the student.

Taxable Fellowship  – A payment, typically known as a "stipend", used for living and incidental expenses such as room and board, travel, equipment, i.e. computer or other expenses that are not required of all students enrolled in courses. These payments are taxable income to the student.

Please review IRS publication 970, Tax Benefits for Education for additional information - www.irs.gov/pub/irs-pdf/p970.pdf


If the research award is taxable, how much you have to pay in taxes will depend on how you file your tax return. Are you considered a dependent for tax purposes?

What is a dependent?

Being claimed as a dependent or not will determine how much, if any, will you be taxed on your income.

If you are considered a dependent, here is some information on filing requirements for dependents:

View solution in original post

1 Reply
juliob
Level 2

I applied and received an undergraduate research award this past year. How much tax can I expect to pay?

If your stipend is education related, then you will need to determine if it's taxable.

Non-Taxable Fellowship  - A fellowship payment received by a candidate for a degree, also called a “scholarship” payment by the IRS, is not taxable income to the student if it is used only for tuition and required fees and/or course related expenses, such as fees, books, supplies and equipment that are required of all students enrolled in courses. These payments are not taxable income to the student.

Taxable Fellowship  – A payment, typically known as a "stipend", used for living and incidental expenses such as room and board, travel, equipment, i.e. computer or other expenses that are not required of all students enrolled in courses. These payments are taxable income to the student.

Please review IRS publication 970, Tax Benefits for Education for additional information - www.irs.gov/pub/irs-pdf/p970.pdf


If the research award is taxable, how much you have to pay in taxes will depend on how you file your tax return. Are you considered a dependent for tax purposes?

What is a dependent?

Being claimed as a dependent or not will determine how much, if any, will you be taxed on your income.

If you are considered a dependent, here is some information on filing requirements for dependents:
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