Quarterly Estimated Tax for Fellowship Recipients
If you are not having federal income tax withheld from your paychecks, which is typical for fellowship and training grant stipends/salaries, you may be responsible for making manual tax payments to the IRS up to four times a year. Filling out the Estimated Tax Worksheet in IRS Form 1040-ES will tell you whether payments are required and in what amount. This workshop walks you through how to fill out each line of the Estimated Tax Worksheet—or take a shortcut if you’re so inclined. It also addresses the common scenarios postdocs face, such as switching on to or off of fellowship mid-calendar year and being married to someone who has automatic income tax withholding.
This workshop is a series of self-paced modules with a live Q&A. The workshop is open through September when the Q3 estimated deadline payment is due.
Please note: This workshop is only for VU postdoctoral research, trainees (job code: 9146) and VUMC research fellow trainees (job code: 9134).
If you are interested in participating in this workshop or have any questions, please email Faith Bishop.
This workshop is given by Dr. Emily Roberts. Dr. Emily Roberts is a personal finance educator specializing in early-career PhDs. Through her business, Personal Finance for PhDs, she equips graduate students, postdocs, and PhDs with Real Jobs to make the most of their money. She gives seminars at universities and for associations; interviews PhDs on her podcast; and creates courses and workshops on taxes, investing, and more. Emily holds a PhD in biomedical engineering from Duke University and lives in southern California with her husband and two children.