Student Taxes

Certain elements of the financial support package are considered to be income, and are therefore subject to taxes. Note that tax considerations vary based on residency status, the details of one’s support package, and other concerns. For guidance regarding your specific situation, confer with the IRS, an accountant, or another tax professional. Please direct all inquiries to the IRS at www.IRS.gov or 800-829-1040 and/or an independent tax agent.

Basic Tax Guidelines & Documents to Save

The following is for informational purposes only. While tuition awards are non-taxable in the United States, various types of stipend awards are subject to specific reporting and tax treatments. If you are a U.S. citizen or Permanent Resident, it is important to keep records and save this information for the preparation of a personal tax return.