Stipends
Is a Stipend Considered Income
Stipends are a common term that pops up in academic circles, internships, and sometimes even in special employment agreements. Often regarded as a small form of allowance, the big question is: Is a stipend considered income? In this comprehensive guide, we will delve into what stipends are, how they compare to salaries, and the implications of receiving them both in financial and tax contexts. Whether you're a student, intern, or professional contemplating a stipend, this article is designed to illuminate the various facets of the subject.
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