What is the payment plan for the stipend? Is the cost of the housing provided considered a taxable item?
The $3,500 stipend is paid directly to each participant in July and August. If you do not receive your stipend by please contact administrators of the program ASAP. Stipends and housing expenses paid by MCW are considered taxable items for Federal and State tax purposes. MCW is not required to withhold taxes or report these payments on Form W-2. MCW will provide a letter in January of the following calendar year indicating the amounts that must be reported on a personal income tax return. Participants are encouraged to pay estimated taxes if necessary.
