Compensation & Taxes

Compensation

Postdoc minimum pay is $47,476

Understanding your paycheck

Taxes Overview

Postdoc Associates – taxes are withheld from paychecks – your w2 can be downloaded in MyUFL.edu

Postdoc Fellows – Taxes are NOT withheld from stipend - IRS Form 1098-T or 1099-MISC will be sent to you from the Disbursements Office (352-392-1241) in Feb/March for use in filing your taxes.

Fellows can use the IRS Withholding Calculator to determine how much you need to save for taxes.

International Postdocs - All Foreign Nationals living, visiting, working, or studying in the U.S. are responsible for compliance with United States laws and regulations. See the IRS Taxation of Nonresident Aliens policy.

Free Tax Prep Software for International Postdocs: GLACIER Tax Prep (GTP)

The UF International Center provides international students and scholars with a free international tax return preparation program known as GTP. It is made available each spring in the beginning of February through a secure portal.

You are not eligible to file as a resident unless you have been in the US at least 5 years.

An email is sent each spring from the UF International Center to the exchange visitor community about gaining access to the software.

VITA (Volunteer Income Tax Assistance):

VITA (Volunteer Income Tax Assistance) is the free income tax assistance for those making $52,000 or less in 2013.  Go to the IRS site (http://www.irs.gov/Individuals/Free-Tax-Return-Preparation-for-You-by-Volunteers)  search Gainesville to find a VITA site near you.

More Tax Information Resources:

U.S. Tax Information for Nonresident Aliens:

http://www.ufic.ufl.edu/ISS/Taxes.html

For postdocs who were students in 2012:  Tuition and Fees Deduction Information

http://www.fa.ufl.edu/bursar/current-students/tax-information/

Tax Information for Domestic Residents:

http://solutionsforyourlife.com/hot_topics/families_and_consumers/taxes.html

IRS Free File
The Internal Revenue Service and its private-sector partners are again making Free File available to anyone with an Adjusted Gross Income (AGI) of $58,000 or less in 2013. Many taxpayers can have free use of helpful tax preparation software and free electronic filing of their federal tax returns. Please visit the Free File website at http://www.irs.gov/uac/Free-File:-Do-Your-Federal-Taxes-for-Free.

Personal Finance for Phds : This site has lots of great advice and resouces to support early career scientists with financial planning and taxes.