Differences

This shows you the differences between two versions of the page.

Link to this comparison view

Both sides previous revisionPrevious revision
financial_advice:taxes [2013/06/03 23:40] – [Fellowships] ishivversfinancial_advice:taxes [2016/04/09 00:52] (current) – [Tax help] ccheng
Line 12: Line 12:
 {{financial_advice:cal.jpg}}ASUC provides a tax clinic through the [[http://studentlegalclinic.berkeley.edu/|Student Legal Clinic]] for members of the Berkeley community.  International students may want to check out [[http://internationaloffice.berkeley.edu/programs/tax_workshop.php|tax workshops]] offered by Services for [[http://internationaloffice.berkeley.edu/|International Students and Scholars]].  There is also [[software]] designed especially for international scholars. {{financial_advice:cal.jpg}}ASUC provides a tax clinic through the [[http://studentlegalclinic.berkeley.edu/|Student Legal Clinic]] for members of the Berkeley community.  International students may want to check out [[http://internationaloffice.berkeley.edu/programs/tax_workshop.php|tax workshops]] offered by Services for [[http://internationaloffice.berkeley.edu/|International Students and Scholars]].  There is also [[software]] designed especially for international scholars.
  
 +{{:financial_advice:gsps_taxes_2016_keynote.pdf|Tax Slides}} from Carina Cheng's "How to File Taxes" talk (April, 2016)
 ====Fellowships==== ====Fellowships====
 {{financial_advice:cal.jpg}}If you're on a fellowship, watch out for taxes!  Unlike payroll, fellowships have no withholding.  This means that the money stays untaxed until April 15, when you suddenly have to pay up.  If your bill is over $1000 (and it probably will be) for 2 consecutive years, you'll have to pay a penalty.  Now, if that money has been sitting in an ING account it's no big deal, because the penalty will be about the size of the interest you made on it, but it is a hassle.  To avoid this hassle, you need to increase your withholding on your teaching money.  To do this, you {{financial_advice:cal.jpg}}If you're on a fellowship, watch out for taxes!  Unlike payroll, fellowships have no withholding.  This means that the money stays untaxed until April 15, when you suddenly have to pay up.  If your bill is over $1000 (and it probably will be) for 2 consecutive years, you'll have to pay a penalty.  Now, if that money has been sitting in an ING account it's no big deal, because the penalty will be about the size of the interest you made on it, but it is a hassle.  To avoid this hassle, you need to increase your withholding on your teaching money.  To do this, you

Trace: