answersLogoWhite

0

Is stipend taxable

Updated: 9/16/2023
User Avatar

Wiki User

9y ago

Best Answer

If the stipend was for books or education, it is not taxable. Other stipends may be taxable depending on their purpose.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is stipend taxable
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is a sentence for stipend?

his payments were stipend


How do you use the word stipend in a sentence?

An example of using stipend in a sentence would be, 'My mom was offered a stipend instead of a regular salary. ' Stipend is usually a small amount of money paid to someone.


Is a foreign exchange student stipend taxable?

Most programs that give a stipend send a 1099 misc to the host family, which translates into a self employed business. So, save receipts for food and transportation to use for deductions. Also, a portion of your home expenses can be used as in a home business. Or you can deduct the amount you could charge for renting the same room, plus the food and transportation expenses. If you don't go that route, you'll end up paying back a third of your stipend in taxes.


Use stipend in a sentence?

After the car accident, Haley was on a stipend from the university while she recovered.


How do you use stipend in a sentence?

After Alex bought a new bike, he was on a stipend with his mom to pay her back.


What is a clergyman's salary?

STIPEND


Do you give a stipend to a Catholic deacon at a funeral?

You need to call your parish office and ask what stipend is considered appropriate in your diocese.


What is a clergyman's salary called?

stipend


Is stipend pay tax free?

no


What is a priests stipend?

A stipend is an amount of money given to a priest on a regular schedule for living expenses. Stipends vary from diocese to diocese.


What is the law when a stipend is cancelled?

A stipend is a fixed sum of money paid periodically for services or to defray expenses. The fact that remuneration is termed a "fee" or "stipend" rather than salary or wages is immaterial they are subject to employment taxes. Payment of stipends is made according to the policies of the governing entity.Since the stipend is not considered to be a part of your base yearly salary or hourly wage, unless the stipend amount was guaranteed to you, either by contract or labor agreement, you have no recourse against your employer.


What is a builders club stipend?

A Builders Club stipend is your Bonus loyalty to BC, longer your BC the more bonus of Robux each day!