Current HPSP Student Stipend & Tax Question.

Discussion in 'Military Medicine' started by DredPiratRobrts, Mar 12, 2008.

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  1. DredPiratRobrts

    DredPiratRobrts Access Denied. 2+ Year Member

    307
    0
    Oct 22, 2007
    The Pirate Ship Revenge
    For someone who is currently getting the HPSP stipend...

    How much is your gross/net pay per payment? I know it's currently $1607 a month, split and paid on the 1st and 15th.

    I'll be getting paid when it goes up to $1907 in July. I'm just trying to get a sense of how much $ actually comes in and how much goes back to Uncle Sam.
     
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  3. 73BARMYPgsp

    73BARMYPgsp Post Doc 5+ Year Member

    673
    0
    Feb 6, 2007
    Ft. Gordon, GA
    745.97 twice a month. California income tax taken out.
     
  4. elderjack21

    elderjack21 10+ Year Member

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    Jan 4, 2006
    Army
    Do they take medicare/medicaid or social security taxes out of it as well?
     
  5. 73BARMYPgsp

    73BARMYPgsp Post Doc 5+ Year Member

    673
    0
    Feb 6, 2007
    Ft. Gordon, GA
    Negative on all the FICA stuff. I just looked at mypay to confirm.
     
  6. elderjack21

    elderjack21 10+ Year Member

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    Jan 4, 2006
    Army
    That is great since you can't get that back...unless it is still around 40 years from now...

    But the state and federal taxes..you should be able to get some of it back if you aren't pulling in too much money from other sources.

    Thanks for the information
     
  7. flynnt

    flynnt Member 10+ Year Member

    197
    2
    Sep 24, 2001
    Philadelphia
    Does anyone know if this is the same across the board for all HPSP, and if so, what the exemption is? I don't think the student-employee exemption applies because that is for students who are paid by the school.
     
  8. elderjack21

    elderjack21 10+ Year Member

    1,023
    0
    Jan 4, 2006
    Army
    Not sure about that. But, I did ROTC and never paid FICA or state/federal taxes on it, granted the yearly amount was much less (4k in stipend)
     

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