Molecular Biophysics Training Program

Taxes

Social security and federal withholding tax will NOT be deducted from your training grant stipend

If you receive additional compensation above the level of the training grant stipend, some tax may be withheld from that portion of your pay. You might need an additional amount withheld from your paycheck so that you won’t owe taxes in April. The amount you may need to withhold depends upon your tax situation.

If you’d like to understand the tax implications of your specific situation, you may wish to use the tax withholding calculator on the IRS web site.

To fill in the information requested by the tax withholding calculator, you will probably need to view your pay slips from the current tax year. To view your pay slips:

  1. Go to the Employee Workday Help Page and click on “Sign in to Workday”
  2. On the homepage, select Benefits and Pay Resources from the drop down “hamburger” menu in the upper left corner
  3. Click on the wallet icon on the left sidebar, and select “Payments” to see a page with a list of your payslips and links to view or print them.

If you need to change your W-4 to withhold additional tax, you can do so online through Workday

  1. Go to the Employee Workday Help Page and click on “Sign in to Workday”
  2. On the homepage, select Benefits and Pay Resources from the drop down “hamburger” menu in the upper left corner
  3. Click on the wallet icon on the left sidebar, and select “Tax”
  4. Scroll down to the Tax Elections section and click the “Update” button
  5. You will first be asked to confirm your company (which you should leave as is) and the date you want your withholding changes to be effective.
  6. On the next screen you can edit your W-4 information, including adding an additional amount to be withheld from your paycheck.

Other resources you may find useful

  • UW Student Fiscal Services holds tax workshops that cover topics such as grants and fellowships and education-related tax credits and deductions.
  • The IRS publication on Tax Benefits for Education.  Chapter 1 deals with reporting and paying taxes on Scholarships, Fellowships and Grants.  You may also be interested in the education credit in Chapter 3, and the tuition and fees deduction in Chapter 6.
  • The NIH Research Training FAQs: see the Stipend/Salary section regarding the taxability of stipends
  • The NIH Grants Policy Statement section on the taxability of stipends in section 11.3.10.6.