How to Prepare Your 2021 Tax Return for Ph.D. Students

Free resources to assist you with understanding and preparing your 2021 tax return are available at pf for Phds.com slash tax. Set up an automatic transfer after you get your stipend payment to a separate savings account, which I know many graduate fellowships do not. Use Emily's savings bucket strategy throughout grad school to cover irregular expenses such as large purchases or friends' weddings. It's important to save for an emergency fund, maybe a pet fund if you have a pet and planning for fun things as well such as vacations.