nermah1 Posted March 1, 2014 Share Posted March 1, 2014 Any of you know about taxes??? I am an international student and was offered an stipend of 2880 USD/month but I heard that it would be substantially reduced after taxes and as I am planning on housing and living expenses I would really like to know how much taxes I have to pay. Hey Sylvia88, I am an international, too. I'm also curious about US taxes on stipend. Maybe this topic could be a new independent topic for grad life forum. Link to comment Share on other sites More sharing options...
Sylvia88 Posted March 1, 2014 Share Posted March 1, 2014 Hey Sylvia88, I am an international, too. I'm also curious about US taxes on stipend. Maybe this topic could be a new independent topic for grad life forum. Hey nermah1, Yes, I do think that it would be very helpfull for all international students. Link to comment Share on other sites More sharing options...
sqxz Posted March 1, 2014 Share Posted March 1, 2014 I have looked into this. Unfortunately, TA, RA, and GA stipends, scholarships, and fellowships all count as taxable income, which means we have to pay federal and state income taxes. How much this amounts to depends primarily on how much your stipend is and which state you live in. The IRS has an online calculator which can be used to roughly estimate how much federal income tax you can expect to pay <http://www.irs.gov/Individuals/IRS-Withholding-Calculator>. Most states will supply a similar calculator if you do some digging. Alternatively, you can use this tool <http://www.tax-rates.org/income-tax-calculator/embed/?ref=siteembed>, but it is not nearly as accurate as an official state calculator would be. While we are taking classes, it looks like we are exempt from paying FICA taxes, which fund social security and medicare. It appears this exemption goes away once we are engaged in full-time research, though. The FICA tax appears to be a flat tax of 7.65% of total wages earned. If you are paid weekly/biweekly/monthly (i.e., using paychecks), these taxes will be deducted automatically from your salary. Once a year, you have to file a tax return, and you will either have to pay more taxes if enough money was not automatically deducted from your salary throughout the year, or you will receive a refund if too much money was deducted. If you are not paid via paycheck, this process will be slightly different, but it will likely not affect how much you have to pay in taxes. As far as I know, the tax rules are the same for international students, though some of the details might be slightly different. Any of you know about taxes??? I am an international student and was offered an stipend of 2880 USD/month but I heard that it would be substantially reduced after taxes and as I am planning on housing and living expenses I would really like to know how much taxes I have to pay. Hey Sylvia88, I am an international, too. I'm also curious about US taxes on stipend. Maybe this topic could be a new independent topic for grad life forum. mini0n01 1 Link to comment Share on other sites More sharing options...
Sylvia88 Posted March 1, 2014 Share Posted March 1, 2014 I have looked into this. Unfortunately, TA, RA, and GA stipends, scholarships, and fellowships all count as taxable income, which means we have to pay federal and state income taxes. How much this amounts to depends primarily on how much your stipend is and which state you live in. The IRS has an online calculator which can be used to roughly estimate how much federal income tax you can expect to pay <http://www.irs.gov/Individuals/IRS-Withholding-Calculator>. Most states will supply a similar calculator if you do some digging. Alternatively, you can use this tool <http://www.tax-rates.org/income-tax-calculator/embed/?ref=siteembed>, but it is not nearly as accurate as an official state calculator would be. While we are taking classes, it looks like we are exempt from paying FICA taxes, which fund social security and medicare. It appears this exemption goes away once we are engaged in full-time research, though. The FICA tax appears to be a flat tax of 7.65% of total wages earned. If you are paid weekly/biweekly/monthly (i.e., using paychecks), these taxes will be deducted automatically from your salary. Once a year, you have to file a tax return, and you will either have to pay more taxes if enough money was not automatically deducted from your salary throughout the year, or you will receive a refund if too much money was deducted. If you are not paid via paycheck, this process will be slightly different, but it will likely not affect how much you have to pay in taxes. As far as I know, the tax rules are the same for international students, though some of the details might be slightly different. Thanks for the information sqzx Link to comment Share on other sites More sharing options...
Pacifico Posted March 1, 2014 Share Posted March 1, 2014 Is anyone still waiting out for word from Berkeley IB? The results boards are bare, but they're pretty slim every year... Link to comment Share on other sites More sharing options...
Marshy Posted March 1, 2014 Share Posted March 1, 2014 Really blessed to have an acceptance from Johns Hopkins Cellular and Molecular Medicine!! Is anyone else gonna go for the same program here? nermah1 1 Link to comment Share on other sites More sharing options...
Monochrome Spring Posted March 1, 2014 Author Share Posted March 1, 2014 (edited) Received a large fellowship from Michigan State University. 1st year $33k + no TA/RA 2nd year ~$25k 3rd year ~$25k 4th year ~$25k 5th year ~$25k (+ more for inflation) + no TA/RA edit: healthcare, tuition, and fees covered for all 5 years Edited March 3, 2014 by Monochrome Spring nermah1 and immuno555 2 Link to comment Share on other sites More sharing options...
iheartplants Posted March 1, 2014 Share Posted March 1, 2014 Received a large fellowship from Michigan State University. 1st year $33k + tuition + fees + healthcare + no TA/RA 2nd year ~$25k 3rd year ~$25k 4th year ~$25k 5th year ~$25k (+ more for inflation) + tuition + fees + healthcare + no TA/RA Plant Sciences Fellowship? Link to comment Share on other sites More sharing options...
Monochrome Spring Posted March 1, 2014 Author Share Posted March 1, 2014 Plant Sciences Fellowship? University Distinguished Fellowship. iheartplants 1 Link to comment Share on other sites More sharing options...
Pacifico Posted March 1, 2014 Share Posted March 1, 2014 nice!!!! Link to comment Share on other sites More sharing options...
iheartplants Posted March 1, 2014 Share Posted March 1, 2014 University Distinguished Fellowship. Congrats! Definitely not expecting anything from State, but was curious if those PSFs were out Link to comment Share on other sites More sharing options...
Monochrome Spring Posted March 1, 2014 Author Share Posted March 1, 2014 Congrats! Definitely not expecting anything from State, but was curious if those PSFs were out No news about the PSF's yet. My guess is that they're all out at this point, but who knows. Link to comment Share on other sites More sharing options...
wishfulthinking2 Posted March 1, 2014 Share Posted March 1, 2014 I have looked into this. Unfortunately, TA, RA, and GA stipends, scholarships, and fellowships all count as taxable income, which means we have to pay federal and state income taxes. How much this amounts to depends primarily on how much your stipend is and which state you live in. The IRS has an online calculator which can be used to roughly estimate how much federal income tax you can expect to pay <http://www.irs.gov/Individuals/IRS-Withholding-Calculator>. Most states will supply a similar calculator if you do some digging. Alternatively, you can use this tool <http://www.tax-rates.org/income-tax-calculator/embed/?ref=siteembed>, but it is not nearly as accurate as an official state calculator would be. While we are taking classes, it looks like we are exempt from paying FICA taxes, which fund social security and medicare. It appears this exemption goes away once we are engaged in full-time research, though. The FICA tax appears to be a flat tax of 7.65% of total wages earned. If you are paid weekly/biweekly/monthly (i.e., using paychecks), these taxes will be deducted automatically from your salary. Once a year, you have to file a tax return, and you will either have to pay more taxes if enough money was not automatically deducted from your salary throughout the year, or you will receive a refund if too much money was deducted. If you are not paid via paycheck, this process will be slightly different, but it will likely not affect how much you have to pay in taxes. As far as I know, the tax rules are the same for international students, though some of the details might be slightly different. Actually, it depends on the tax agreements between the USA and your country. Some international students pay US taxes for stipends or fellowships while others don't. You can either read up on the IRS.gov web site or ask the international student office at the university. zinde 1 Link to comment Share on other sites More sharing options...
wishfulthinking2 Posted March 1, 2014 Share Posted March 1, 2014 Tax info for international students http://www.irs.gov/publications/p901/ar02.html Link to comment Share on other sites More sharing options...
lasercats11 Posted March 1, 2014 Share Posted March 1, 2014 Which program did you all hear back from at Davis? I'm not sure about everyone else, but I heard back from the Micro program. Link to comment Share on other sites More sharing options...
musicalscientist Posted March 2, 2014 Share Posted March 2, 2014 Heard from a professor at UCSF iPQB yesterday! Woohoo! aaabbbccc88 1 Link to comment Share on other sites More sharing options...
ERR_Alpha Posted March 2, 2014 Share Posted March 2, 2014 Drinking away my sorrows from my Dartmouth rejection tonight... Hope all of you enjoy your Saturday night! Link to comment Share on other sites More sharing options...
nermah1 Posted March 2, 2014 Share Posted March 2, 2014 Received a large fellowship from Michigan State University. 1st year $33k + tuition + fees + healthcare + no TA/RA 2nd year ~$25k 3rd year ~$25k 4th year ~$25k 5th year ~$25k (+ more for inflation) + tuition + fees + healthcare + no TA/RA awesome! Link to comment Share on other sites More sharing options...
jl2782 Posted March 2, 2014 Share Posted March 2, 2014 And down comes the axe... rejection from Albert Einstein, finally. Did they send you an email or did you call the grad office? Link to comment Share on other sites More sharing options...
sqxz Posted March 2, 2014 Share Posted March 2, 2014 Congratulations! I'm so jealous...the wait for a decision is killing me! Heard from a professor at UCSF iPQB yesterday! Woohoo! Link to comment Share on other sites More sharing options...
MackF Posted March 2, 2014 Share Posted March 2, 2014 Drinking away my sorrows from my Dartmouth rejection tonight... Hope all of you enjoy your Saturday night! Don't take it too hard, you've got great offers! Their loss, for sure. ERR_Alpha 1 Link to comment Share on other sites More sharing options...
somanyphage Posted March 2, 2014 Share Posted March 2, 2014 anyone know what the deal is with Boston University & Albert Einstein? I've started applying to Master's programs after I received 4 rejections this week. Link to comment Share on other sites More sharing options...
pyrocide Posted March 2, 2014 Share Posted March 2, 2014 anyone know what the deal is with Boston University & Albert Einstein? I've started applying to Master's programs after I received 4 rejections this week. What program in BU did you apply for? Also, if you don't mind sharing, what program at Tufts did you apply to? Link to comment Share on other sites More sharing options...
somanyphage Posted March 2, 2014 Share Posted March 2, 2014 What program in BU did you apply for? Also, if you don't mind sharing, what program at Tufts did you apply to? I applied to PiBS in BU, and in Tufts I applied to the Molecular Microbiology/MERGE-ID. Tufts Molecular Microbiology is not doing any more interviews, if you're still holding out on that program. Link to comment Share on other sites More sharing options...
pyrocide Posted March 2, 2014 Share Posted March 2, 2014 (edited) I applied to PiBS in BU, and in Tufts I applied to the Molecular Microbiology/MERGE-ID. Tufts Molecular Microbiology is not doing any more interviews, if you're still holding out on that program. I'm waiting on Tufts' straight up bio dept (not sackler). Sorry I have no news for you on PiBS. Fight the good fight, it ain't April 15th yet. Edited March 2, 2014 by pyrocide Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now