Personal Finance for PhDs: Estimated Tax Workshop
–
October 12, 2023
Date:
Thursday, October 12, 2023 - 2:00pm to 4:00pm
Location:
Virtual
The Live Q+A Session will be held on October 12th at 2:00pm. Registration for asynchronous materials is open until October 20th, 2023. The Q+A Session will be recorded and shared at a later date.
Register here: https://www.pfforphds.community/zk6iu8zy
Your stipend or salary is almost certainly considered taxable income by the IRS, even if your university does not withhold income tax from your paychecks. How can you prepare to pay your tax bill and stay on the IRS’s good side? Whether your objective is to save up for your eventual tax bill, avoid an underpayment penalty, or both, this workshop shows you how to accomplish it in a time-efficient manner. The Estimated Tax Worksheet in Form 1040-ES tells you definitively whether you are required to make estimated tax payments and how large your tax bill is this year, and this workshop walks you line-by-line through how to fill it out. The workshop also addresses the common scenarios graduate students, postdocs, and postbacs face, such as switching on to or off of fellowship mid-calendar year and being married to someone who has automatic income tax withholding. Note: This workshop is only for US citizens, permanent residents, and residents for tax purposes.
Format: This is a largely asynchronous workshop. Upon registering, you will receive your login information over email. After logging in to the workshop, you can immediately access the modules (videos with transcripts) and spreadsheet. You also have the ability to receive answers to your questions by attending a live Q&A call or submitting a question in writing. The recordings and transcripts of the calls and answers to submitted questions are added to the workshop within about a week.
Bio: Dr. Emily Roberts is a personal finance educator specializing in early-career PhDs. Through her business, Personal Finance for PhDs, she equips graduate students, postdocs, and PhDs with “real jobs” to make the most of their money. She gives seminars at universities and for associations; interviews PhDs on her podcast; and creates courses and workshops on taxes, investing, and more. Emily holds a PhD in biomedical engineering from Duke University and lives in San Diego with her husband and two children.
*Please only register for this if you are a current MSU PhD Student.
Category:
Life and Well-Being
