Do not construe information as tax advice. Note that the EXITO staff are not qualified or permitted to answer questions about your individual tax liability.

A reminder about this information will be sent by EXITO in January 

BUILD, URISE, and PLUS has (or will by 1/31/23) send the ifnroamtion on this page out to any Trainees who recevied financial support (stipends, remissions, and/or hourly wages). They will also be sending a letter summarizing each Trainees' 2022 stipend total to any one who received 2022 stipends

If you did not receive yours or have questions please email exitooperations@pdx.edu 

You are required to report any taxable scholarships and grants (including stipends) to the IRS (self-reporting)

Hourly Wages

• Since you are a student employee when you receive hourly wages, you will get a W2

• The W2 can be found on BanWeb and mailed to your click here for more information. information 

Remission

• Tax documents related to your EXITO Remission: 1098-T notification, which can be mailed to you but is also on BanWeb (student finances tab > access 1098-T tax notification)

Stipends

• Monthly stipends may be subject to federal and state taxes

• We do not take federal or state taxes out of your stipends

• Stipends generally are subject to federal income tax

  • For example, stipends that are used to pay for room and board, travel, and other personal expenses would generally be subject to federal income tax

  • However,  if you are a degree candidate, AND the money is used to pay for tuition and fees or for books and supplies that are required of all students they may not be subject to federal income tax

• Tracking what you use the stipend funds for may be beneficial  

• You will receive, from PSU, a letter totaling 2022 stipends in January  

The IRS provides online resources to help you determine your tax liability. The following two resources below are particularly helpful for those receiving scholarships and grants (including stipends), and fellowships. 

• Topic No. 421 Scholarships, Fellowship Grants, and Other Grants: https://www.irs.gov/taxtopics/tc421.html 

• Interactive Tax Assistant: https://www.irs.gov/uac/do-i-include-my-scholarship-fellowship-or-education-grant-as-income-on-my-tax-return 

Tax Preparation Services

In addition to the IRS topics, assistance from a tax professional can also be helpful in determining whether you owe taxes for your EXITO stipends (and other non-wage income from PSU). Free tax return preparation services are available to those who qualify. Eligibility for these services is typically determined based on income. Visit the websites listed below for more information about the programs, centers, and libraries in Oregon and Washington that provide free tax preparation assistance, and for tax filing options.

• How to Access Your 1098-T

• CASH Oregon CASH Oregon has a location within the PSU School of Business. CASH Oregon: provides free tax return preparation services to low and moderate income taxpayers. Contact CASH Oregon directly to see if they can assist you. https://cashoregon.org/; (503)-243-7765

• University of Illinois Student Money Center Tax guide

• IRS eFile - Free IRS tax filing.

• Tax Tips - Helpful tax information specifically for college students and their parents. 

• Consumer Financial Protection Bureau - Tax Time Savings Tips

• The Volunteer Income Tax Assistance (VITA) Program: offers free tax help to people with low and moderate incomes, persons with disabilities, and limited English speaking taxpayers. Visit the website to find a program near you. https://www.irs.gov/individuals/free-tax-return-preparation-for-you-by-volunteers

• PSU Student Legal Services: Referrals for assistance in preparing tax returns and assistance for disputes with the Internal Revenue Service only. https://www.pdx.edu/sls/