Graduate Student with Scholarship and paid by university for research with no other income

Forum|Forum|2 years ago
February 2, 2024
1 reply
0 views

I was a graduate student for one semester to finalize my master degree, and did not pay tuition as my scholarship covered full tuition. I did receive stipend payments from the university for my research efforts in the form of 1098-T. I did not receive a W-2 from the university. Do I need to file taxes for 2023 if I did not hold any other job and did not receive W-2 for income?

Not A Product Question

Hal_Al

Employee

Q. Do I need to file taxes for 2023 if I did not hold any other job and did not receive W-2 for income?

A. Yes. But, only if the stipends totaled more than $13,850 The $13,850 threshold applies whether you were a dependent or not.

$13,850 is the income filing threshold for a Single non dependent. A dependent's filing threshold is the greater of $1250 or his earned income plus $400 (up to $13,850).

Scholarships/Stipends are a hybrid between earned and unearned income. It is earned income for purposes of the $13,850 filing requirement and the dependent standard deduction calculation (earned income + $400). It is not earned income for the kiddie tax and other purposes (e.g. EIC). For grad students and post grad fellows, scholarship, stipend and fellowship income is earned income ("compensation") for IRA contributions.