If you are a U.S. citizen Harvard will not withhold taxes from your taxable scholarship or stipend. If you are a foreign student, the taxable portion of your award will be taxed at a rate of 14%.

Some foreign students come from countries that have a tax treaty with the United States, and can claim exemption from U.S. taxes. International students receiving taxable scholarships from Harvard will receive an e-mail from the Student Accounts Office which will include information about your tax status and tax treaties. If you have questions about your eligibility, you can contact the Read more about How much tax will I be charged?

While the IRS website has many Publications and instructions, students may find these particularly helpful:

• IRS Tax Information for Students
• IRS Tax Information for Foreign Students and Scholars
• Publication 17: Your Federal Income Tax-For Individuals
• Read more about Are there resources on the IRS website that may be helpful to students?

Proof of Health Coverage, and is used to complete Schedule HC  on Massachusetts State tax returns.

Form 1098-E reports interest you paid on a student loan during the preceding year.  The lenders that carry your student loans must send you a copy of Form 1098-E by January 31st.