Thank you for registering for Demystifying Taxes for Graduate Students (US Citizens/Residents)! Please complete the action items below prior to the date of the workshop so that you can receive the full benefits of the workshop.
- Bring your 2024 income and tax records related to your role as a graduate student to the workshop. These records include any or all of:
- Your Form 1098-T
- Your Form W-2
- Any additional forms or documents related to your fellowship/training grant stipend/salary, e.g., Form 1099-MISC, Form 1099-NEC, Form 1099-G, courtesy letter, offer letter,
- A printout of your student account transactions,
- Receipts/documentation of any education expenses you paid outside of your student account, and
- How much you paid in estimated tax.
- Fill in these two worksheets. Add to Worksheet 1 the credits that appear in your student account (e.g., scholarships for education expenses)—only columns B, C, and D. Add to Worksheet 2 the charges that appear in your student account (e.g., tuition, fees, health insurance premium)—only columns H, I, and J. We will continue to fill in these worksheets during the workshop.
- Bring your 2023 federal and state income tax returns, if you filed them, to the workshop.
- If you aren’t yet well versed in the language and mechanisms of income tax (e.g., tax return vs. refund, credit, deduction, marginal tax rate), watch this video (17 min) or read this transcript for background terms and concepts.
- Answer the questions in this quick survey to tell me your top question/concern about your tax return this year.
During the workshop, we’ll be working with spreadsheets and PDFs. If the workshop is in person, please bring your laptop or tablet. If the workshop is remote, please set your workspace up so that you can best juggle Zoom alongside the other programs.
I look forward to speaking with you during the workshop!
Dr. Emily Roberts, Personal Finance for PhDs
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Done. Ready as I will ever be. 1098-T lists my entire tuition waiver as scholarship/grant in Box 5 since disbursed from university’s Financial Aid office which makes no sense since I am on NSF GRFP and before that I was a TA, I didn’t receive any of that money, It was part of science-based PhD package. Nobody pays for “tuition”. The school basically paid itself not me,.
I don’t get it. It makes my income appear twice as high as reality
Hey, I will end up missing this event but I definitely overpaid on taxes a lot last year because of this same issue! If you figured it out in the workshop, will you pass along the info?
Maya
+1! I didn’t realize this workshop was happening and was actually at H&R Block. I am pretty sure that I just overpaid because of a similar issue. Will there be another workshop?