|
(First Year Graduate Student) NO AI or AR SERVICE INCOME
|
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| Fellowship used for tuition |
$28,550 |
non-reportable |
| Fellowship used for other
than tuition (room, board, books, travel, etc.)
$1,500 payment for books from this fellowship Difference |
...…..……..………..$15,000
- $1,500 $13,500 |
put the difference, $13,500, on tax return line 7; also identify it as a fellowship payment by writing "SCH" followed by the amount on the line |
| Total fellowship received |
$43,550
|
Amount listed on final pay stub |
| Interest income |
$350
|
put on tax return line 8a |
| Interest paid on qualified student loan |
$500
|
put on tax return line 18 |
| Estimated tax payments |
$400
|
put on tax return line 40 |
NOTE:
If you are married and are filing a joint return, you may take two exemptions (line 6); your spouse's wages (if any) must be put on tax return line 7; and you can take the "married" standard deduction ($9,500 line 24).
