Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version nyu B notes v1.5 12/10/84; site acf4.UUCP
Path: utzoo!watmath!clyde!burl!ulysses!allegra!bellcore!decvax!genrad!panda!talcott!harvard!seismo!cmcl2!acf4!lwe3207
From: lwe3207@acf4.UUCP (Lars Warren Ericson)
Newsgroups: net.taxes
Subject: Re: Graduate Student Stipends
Message-ID: <1690001@acf4.UUCP>
Date: Wed, 27-Mar-85 23:30:00 EST
Article-I.D.: acf4.1690001
Posted: Wed Mar 27 23:30:00 1985
Date-Received: Sun, 31-Mar-85 02:35:27 EST
References: <185@uwai.UUCP>
Organization: New York University
Lines: 15

New York University interprets graduate teaching and research assistantships
to be non-taxable.  The payroll department does not withhold; if they do
so by accident (often happens at the beginning of the year), they can be
told to stop, and the IRS will return the withheld amound at tax time.  The
key point is that all assistants are required to work 10 hours/work, and
this is considered part of the educational process.  Given that distinction,
the Federal regulation is that it is equivalent to a scholarship or
fellowship, and is non-taxable.

You are probably paying taxes for nothing, unless your graduate program
hires very few assistants and they are paying you something like a living
wage (>$14K) instead of the $6K-$9K usual for assistantships.

Lars Ericson
NYU