S4: Paying Taxes as a Fellow
For tax purposes, the stipend you receive in 2023 will be combined with all your other sources of revenue for that year. It will be the same dynamic in 2024. Because everyone’s overall revenue is different, everyone's tax situation will be different!
QVS is unable to provide tax advice for your specific situation. If you need help completing tax forms, please talk to local Friends or visit your local library. Many libraries offer access to tax advisors.
Disclaimer
As a QVS Fellow, you’re considered a volunteer rather than an employee. We will issue you a 1099-NEC form to report your volunteer stipend at the end of each calendar year. The $250/month personal stipend, any loan support provided, and any program completion stipend amounts are considered reportable income.