2013 Individual Income Tax Returns: Example A

Completed Examples: U.S. graduate student with tuition fellowship & stipend
2014 Federal Estimated Tax Calculation

Completed Example | Form Instructions
2014 CT Estimated Tax Calculation

Completed Example | Form Instructions
2013 Federal Individual Income Tax Return

Completed Example | Form Instructions
2013 CT Individual Income Tax Return

Completed Example | Form Instructions

Additional Information

Type of Income & Expense Amount Tax Return Comments
Fellowship applied directly to tuition $36,500 Nontaxable and nonreportable
Stipend used for other than tuition (e.g., room, board, books, travel, etc.) $28,000 Amount stated on final paystub for the year
Stipend: $28,000

Less: Amounts used for required books, etc.: <2,000>

Taxable Stipend: $26,000
$26,000  Report the taxable stipend on line 7 of the Form 1040 or Form 1040A.  Identify the amount as a fellowship payment by writing "SCH" to the left of the entry and the amount  on the dotted line.
Taxable Interest Income $350 Report the amount on line 8a of Form 1040 or Form 1040A.
Federal income tax withholding None  Amount reported in box 2 of Form W-2
Federal estimated tax payments $1,711 Estimated federal income tax payments made for calendar year 2013. In addition, this amount includes any overpayment from 2012 that was applied to 2013 estimated tax.
CT income tax withholding None  State of CT tax reported in box 17 of Form W-2
State of CT estimated tax payments  None Estimated State of CT income tax payments made for calendar year 2013. In addition, this amount includes any overpayment from 2012 that was applied to 2013 estimated tax.