If more than 50% of your total employment at the University is as a Graduate Assistant, your tuition waivers totaling over $5,250 per calendar year are taxable and subject to withholding during the months of October, November, and possibly December of this semester.
University Payroll & Benefits and USFSCO's Student Money Management Center has put together this workshop to help you:
- determine how the taxability of tuition waivers effects your pay
- calculate how much of a reduction in your stipend you should expect
- identify ways of getting through the months of withholding
This is an Earning Badge eligible program. To learn more about the Financial Literacy Badges program, visit the website: http://badges.illinois.edu/usfsco/financialliteracyprogram/.