{"id":729,"date":"2021-04-13T10:39:36","date_gmt":"2021-04-13T17:39:36","guid":{"rendered":"http:\/\/depts.washington.edu\/mbtguw\/?page_id=729"},"modified":"2024-08-19T16:13:30","modified_gmt":"2024-08-19T23:13:30","slug":"taxes","status":"publish","type":"page","link":"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/","title":{"rendered":"Taxes"},"content":{"rendered":"<h2 class=\"wp-block-heading\"><strong>Social security and federal withholding tax will NOT be deducted from&nbsp;your&nbsp;training grant stipend<\/strong><\/h2>\n<p>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\u2019t owe taxes in April. The amount you may need to withhold depends upon your tax situation.<\/p>\n<p>If you\u2019d like to understand the tax implications of your specific situation, you may wish to use the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.irs.gov\/individuals\/tax-withholding-estimator\" data-type=\"URL\" data-id=\"https:\/\/www.irs.gov\/individuals\/tax-withholding-estimator\" target=\"_blank\">tax withholding calculator on the IRS web site<\/a>.<\/p>\n<p>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:<\/p>\n<ol class=\"wp-block-list\">\n<li>Go to the\u00a0<a href=\"https:\/\/isc.uw.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Employee Workday Help Page<\/a>\u00a0and click on \u201cSign in to Workday\u201d<\/li>\n<li>On\u00a0the homepage, select\u00a0Benefits and Pay Resources from the drop down &#8220;hamburger&#8221; menu in the upper left corner<\/li>\n<li>Click on the wallet icon on the left sidebar, and select &#8220;Payments&#8221; to see a page with a list of your payslips and links to view or print them.<\/li>\n<\/ol>\n<h2 class=\"wp-block-heading\"><strong>If you need to change your W-4 to withhold additional tax, you can do so online through Workday<\/strong><\/h2>\n<ol class=\"wp-block-list\">\n<li>Go to the\u00a0<a href=\"https:\/\/isc.uw.edu\/\" target=\"_blank\" rel=\"noreferrer noopener\">Employee Workday Help Page<\/a>\u00a0and click on \u201cSign in to Workday\u201d<\/li>\n<li>On\u00a0the homepage, select\u00a0Benefits and Pay Resources from the drop down &#8220;hamburger&#8221; menu in the upper left corner<\/li>\n<li>Click on the wallet icon on the left sidebar, and select &#8220;Tax&#8221;<\/li>\n<li>Scroll down to the Tax Elections section and click the &#8220;Update&#8221; button <\/li>\n<li>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.<\/li>\n<li>On the next screen you can edit your W-4 information, including adding an additional amount to be withheld from your paycheck.<\/li>\n<\/ol>\n<h2 class=\"wp-block-heading\"><strong>Other resources you may find useful<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li>UW<a href=\"http:\/\/f2.washington.edu\/fm\/sfs\/tax\">\u00a0Student Fiscal Services\u00a0<\/a>holds tax workshops that cover topics such as grants and fellowships and education-related tax credits and deductions. <\/li>\n<li>The\u00a0<a href=\"http:\/\/www.irs.gov\/publications\/p970\/\">IRS publication<\/a>\u00a0on Tax Benefits for Education.\u00a0\u00a0Chapter 1\u00a0deals with reporting and paying taxes on\u00a0Scholarships, Fellowships and Grants.\u00a0 You may also be interested in the education credit in\u00a0Chapter 3, and the tuition and fees deduction in\u00a0Chapter 6. <\/li>\n<li>The <a href=\"https:\/\/researchtraining.nih.gov\/resources\/faq\">NIH Research Training FAQs<\/a>:\u00a0see the Stipend\/Salary section\u00a0regarding the taxability of stipends <\/li>\n<li>The NIH\u00a0<a href=\"https:\/\/grants.nih.gov\/grants\/policy\/nihgps\/HTML5\/section_11\/11.3.10_stipend_supplementation__compensation__and_other_income.htm#Taxabili\">Grants Policy Statement<\/a>\u00a0section on the taxability of stipends\u00a0in section\u00a011.3.10.6.\u00a0<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Social security and federal withholding tax will NOT be deducted from&nbsp;your&nbsp;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\u2019t owe taxes in April&#8230;.<\/p>\n<div><a class=\"more\" href=\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\">Read more<\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"parent":717,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-729","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Taxes - Molecular Biophysics Training Program<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Taxes - Molecular Biophysics Training Program\" \/>\n<meta property=\"og:description\" content=\"Social security and federal withholding tax will NOT be deducted from&nbsp;your&nbsp;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\u2019t owe taxes in April....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\" \/>\n<meta property=\"og:site_name\" content=\"Molecular Biophysics Training Program\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-19T23:13:30+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\",\"url\":\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\",\"name\":\"Taxes - Molecular Biophysics Training Program\",\"isPartOf\":{\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#website\"},\"datePublished\":\"2021-04-13T17:39:36+00:00\",\"dateModified\":\"2024-08-19T23:13:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/depts.washington.edu\/mbtguw\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trainee Resources\",\"item\":\"https:\/\/depts.washington.edu\/mbtguw\/resources\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Taxes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#website\",\"url\":\"https:\/\/depts.washington.edu\/mbtguw\/\",\"name\":\"Molecular Biophysics Training Program\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/depts.washington.edu\/mbtguw\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#organization\",\"name\":\"Molecular Biophysics Training Program\",\"url\":\"https:\/\/depts.washington.edu\/mbtguw\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/depts.washington.edu\/mbtguw\/wordpress\/wp-content\/uploads\/icon-regular.png\",\"contentUrl\":\"https:\/\/depts.washington.edu\/mbtguw\/wordpress\/wp-content\/uploads\/icon-regular.png\",\"width\":128,\"height\":128,\"caption\":\"Molecular Biophysics Training Program\"},\"image\":{\"@id\":\"https:\/\/depts.washington.edu\/mbtguw\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Taxes - Molecular Biophysics Training Program","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/depts.washington.edu\/mbtguw\/resources\/taxes\/","og_locale":"en_US","og_type":"article","og_title":"Taxes - Molecular Biophysics Training Program","og_description":"Social security and federal withholding tax will NOT be deducted from&nbsp;your&nbsp;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. 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