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This question is about stipend.
Is a stipend considered income?
By Zippia Team - Dec. 7, 2022
Yes, a stipend is considered income.You do not pay Medicare or Social Security tax on stipend payments, and you do not pay income tax upon receiving your stipend payment. However, when you file your taxes, you will owe 15.3% of all stipend money, because you're covering both you and your employer's income tax burden.
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