Fellowship Taxes?

[A blighted one]

Anyone know how much fellowships are taxed? Would it be the same as income tax in the given state? Trying to figure out how much I'd actually be getting monthly with an offer I currently have. Thanks!

[MathCat]

I can't claim to be an expert on tax rules, but my fellowship and TA wages have the same amount of tax withheld (14% here). You could ask your program.

[TakeruK]

Income from fellowships are taxed the same as income from any other source. 

But your overall tax might be different than in previous years where you were not a student because being a student allows you to claim some additional deductions. For example, if your fellowship is used to pay tuition or mandatory fees or other mandatory supplies, then you can claim some deductions. It's hard for us non-tax experts to give proper advice as every person has different tax situations. But in general, fellowship income in the US is considered like most other income for tax purposes.

[Emily Roberts]

Your fellowship income that is 'take-home' for your living expenses - your stipend - will be taxed at the same rate as any other ordinary income (part at 0%, part at 10%, part at 15% for federal, plus your state income tax rate(s)), and if you have scholarship income that exceeds your qualified education expenses you need to add that net to your taxable income as well. For a rough estimate you could probably just use your fellowship stipend, though don't forget about your scholarships at tax time. The best thing to do would be to fill out a 1040-ES, which will guide you through estimating the amount of tax you'll owe and tell you whether you'll have to make quarterly estimated tax payments (if you don't have income taxes withheld by your university).