Tax on the Monthly Stipend from HPSP

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Boronew

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  1. Pre-Dental
Hi!
I'm aware that the monthly stipend is taxable income, and I was wondering if I have to report anything to IRS regarding my stipend?
I apologize for my ignorance, but throughout my life, I haven't had a job before [now, I'm in dental school with HPSP from Navy], so I didn't have to care about those tax refunds and anything related to taxes.
I would greatly appreciate if you care to share any thoughts on this.
 
No worries.

This is income so you will get a W2 when it is time to file taxes. You’ll need to start filing tax returns. I recommend finding a good CPA or just do it yourself online.
 
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