Congratulations on being awarded a fellowship! Don’t let your dream turn into a nightmare next tax season; too many fellowship recipients are surprised by a multi-thousand-dollar tax bill stacked with penalties and interest.
When you aren’t having income tax withheld from your fellowship paychecks, it becomes your responsibility to manually pay your income tax bill up to four times per year.
During this workshop, you will determine if you are required to make estimated tax payments and calculate your total tax liability for the year.
Furthermore, you will learn the best practices for saving up for those payments, how to document your educational expenses to minimize your tax liability, and which tax software is most amenable to fellowship income.
Dr. Emily Roberts is a personal finance educator specializing in early-career PhDs. Through her business, Personal Finance for PhDs, she equips graduate students and postdocs to make the most of their money. She gives seminars at universities and for associations; interviews graduate students and PhDs on her podcast; coaches individuals; and creates courses and workshops on taxes, investing, and more. Emily holds a PhD in biomedical engineering from Duke University and lives in San Diego with her husband and two children.
To register and receive important action steps, please sign up HERE by September 11.