Everyone's tax situation is different so it is best to contact
a qualified tax preparer or accountant for advice. In general,
your stipend is considered taxable income, since it is pay you
received for services you performed. Marquette University will
send end of the year earnings statements to graduate assistants
in January. They will be mailed to the same address that is on
your check stub. If that address is not correct, notify the payroll
office in writing so you will receive your earnings statements
in time for you to prepare your income tax returns. Tuition scholarships
generally are not considered taxable income.
Generally speaking, payments for services are taxable. There
are some special exceptions for FICA as opposed to income taxes
but the Payroll Office handles those as applicable.
IRS Publication 970, Tax Benefits for Education, provides further information. It can be downloaded from www.irs.gov.
