What are the tax implications of having a work-study job?
Work-Study wages are subject to the same federal, state, and local income taxes as any other earned income. However, students enrolled in classes and working for the University are exempt from the 6.20% Social Security (FICA) Tax and 1.45% Medicare Tax deductions. This does not apply to students employed off-campus by a nonprofit organization or government agency.
Work-Study wages are subject to the same federal, state, and local income taxes as any other earned income. However, students enrolled in classes and working for the University are exempt from the 6.20% Social Security (FICA) Tax and 1.45% Medicare Tax deductions. This exemption does not apply to students employed off-campus by a nonprofit organization or government agency.
Work-Study wages are subject to the same federal, state, and local income taxes as any other earned income. However, students enrolled in classes and working for the University are exempt from the 4.20% Social Security (FICA) Tax and 1.45% Medicare Tax deductions. This exemption does not apply to students employed off-campus by a nonprofit organization or government agency.
