Income Tax Information
Income Tax Information for Graduate Assistants
Reporting Your Scholarship/Fellowship
US citizens & US tax residents:
- Fellowship amounts in excess of what you pay out-of-pocket for tuition, books, and required fees/supplies is considered taxable income by the IRS.
- You are responsible for making the computation and including it as income on your tax return.
- The fellowship will not be reported on a 1099 or W-2 form; however it may be reported on the 1098-T form.
- No taxes are withheld, so you may wish to make an estimated tax payment to the IRS using FORM 1040-ES.
If you file Form 1040EZ:
- Include the taxable amount of your scholarship or fellowship on line 1.
- Print "SCH" and any taxable amount not reported on a W-2 form in the space to the right of the words "W-2 form(s)" on line 1.
If you file Form 1040A or Form 1040:
- Include the taxable amount on line 7.
- Print "SCH" and any taxable amount not reported on a W-2 form in the space to the left of line 7 on Form 1040A or on the dotted line next to line 7 on Form 1040.
International students who are considered to be nonresidents for tax purposes:
- You should be referred to the Payroll Office prior to receiving your fellowship payment.
- The Payroll Office will check to determine whether you are a nonresident for tax purposes and whether there are any tax treaty benefits available to you.
- Your cash fellowship payment will be reported to the IRS and to you on a 1042-S form, which is distributed in February of the next calendar year.
- If you do not have a tax treaty benefit or if your fellowship payment exceeds the limits of your tax treaty benefit, then 14% tax will be withheld from your payment.
- You are responsible for filing a nonresident tax return (1040-NR or 1040-NR-EZ) the next year. You may claim a refund of excess taxes withheld on that return.
- The International Students & Scholars Center hosts an annual tax workshop every March to provide you information about US tax laws and your responsibilities.
For more information, call Mike Ballow at (850) 644-9464 or visit www.vpfa.fsu.edu/control/.