Do you get taxed on stipends from an AEGD?

[Dental916]

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UOP AEGD offers a 25k stipend...would that get taxed like say wages?

 

[Omahahahaha]

Yes. If it's income, it is taxed.

 

[gryffindor]

Stipend is a nicer way of calling it a poorly paid dentist job.

 

[JamesOSU]

That being said at 25k/year you'll get a decent chunk back. I made right around that much in the last 6 months (so for tax purposes, this year) and taxes came out to around $2000. That doesn't included social security which is like $2200 or something absolutely rediculous!

 

[HuyetKiem]

sheee... my $1250 most outstanding clinical award in senior year is also taxed. I just got its 1099-misc from school. it's rediculous ! Wish I didn't donate that money away.

 

[KOM]

Get used to taxes guys. Not to mention with this huge "stimulus" plan we're going to be the ones paying it back.

At the very least, 1 out every 4 hours you work as a dentist for the rest of your life will be for Uncle Sam.

 

[NyCzPeter]

This is the US of A dude. EVERYTHING is taxed, including, but not limited to, the inheritance your mama and dada left you on their will.

 

[Simiam]

And don't forget about death... Uncle Sam plans on taxing you when you die! Taxes will literally follow you to the grave 🙂