Yale University - Tax Compliance and Planning

University Tax Office - Tax Guide for U.S. Graduate and Professional School Students and Postdoctoral Fellows

2008 Individual Income Tax Returns

Completed Examples: U.S. graduate student with tuition fellowship and stipend

2009 Federal Estimated Tax Calculation

2009 CT Estimated Tax Calculation

2008 Federal Individual Income Tax Return

2008 CT Individual Income Tax Return

Additional Information:

Type of Income and Expense	Amount	Tax Return Comments
Fellowship applied directly to tuition	$31,500	Non taxable and non-reportable
Stipend used for other than tuition (e.g., room, board, books, travel, etc.)	25,000	Amount stated on final paystub for the year
Stipend: $25,000 Less: Amounts used for books,etc. : <2,000> Taxable Stipend: $23,000	23,000	Report the taxable stipend on line 7 of the Form 1040 or Form 1040A. Identify the amount as a fellowship payment by writing "SCH" to the left of the entry and the amount on the dotted line.
Taxable Interest Income	350	Report the amount on line 8a of Form 1040 or Form 1040A.
Federal income tax withholding	None	Amount reported in box 2 of Form W-2
Federal estimated tax payments	1,700	Estimated federal income tax payments made for calendar year 2008. In addition, this amount includes any overpayment from 2007 that was applied to 2008 estimated tax.
CT income tax withholding	None	State of CT tax reported in box 17 of Form W-2
State of CT estimated tax payments	None	Estimated State of CT income tax payments made for calendar year 2008. In addition, this amount includes any overpayment from 2007 that was applied to 2008 estimated tax.