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- Dictionarystipend/ˈstʌɪpɛnd/
noun
- 1. a fixed regular sum paid as a salary or as expenses to a clergyman, teacher, or public official.
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A stipend is a fixed, regular income that is usually not based on an amount of work done. Learn more about the meaning, usage and synonyms of stipend with Cambridge Dictionary.
- English (US)
STIPEND meaning: 1. a particular amount of money that is...
- Znaczenie Stipend, Definicja W Cambridge English Dictionary
STIPEND definicja: 1. a particular amount of money that is...
- Stipendiary Magistrate
STIPENDIARY MAGISTRATE definition: a magistrate who receives...
- Simplified
STIPEND translate: 薪俸，薪金, （英国的）牧师俸给. Learn more in the...
- Stinted
STINTED definition: 1. past simple and past participle of...
- Stipple
STIPPLE definition: 1. to draw or paint something using...
- Pronunciation in English
STIPEND pronunciation. How to say STIPEND. Listen to the...
- See All Examples of Stipend
Examples of STIPEND in a sentence, how to use it. 100...
- English (US)
- What Is a Stipend?
- How Stipends Work
- Special Considerations
- Types of Stipends
- Real-World Examples of Stipends
- How Is a Stipend Different From a Salary?
- Is a Stipend Considered Income?
- How Often Are Stipends Paid to an Employee?
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The term stipend refers to a form of compensation that is paid to certain individuals for services rendered, other work, or while they receive training. Stipends are often provided in lieu of or (in some cases) in addition to a regular salary. They are often used to offset certain expenses and generally come in a fixed amount. Stipends are commonly paid to trainees,
, students, apprentices, and clergy members. Individuals should be aware of the tax implications of stipends, which are considered income but aren't immediately taxed.
A stipend is a form of compensation paid to certain individuals to help cover basic costs while they receive career training.
Stipends may be offered in lieu of or in addition to a salary.
Interns, apprentices, fellows, and clergy are common recipients of stipends.
Most stipends are considered taxable income, which means that recipients may be responsible for their own withholding taxes if they aren't deducted by the issuer.
A stipend is often offered to individuals as a fixed sum and is commonly paid to the recipient as a
This type of compensation is sometimes called an allowance and is normally provided on a daily, weekly, or monthly basis. A stipend is usually offered as compensation for training instead of salaries for employment purposes. That being said, it allows people to pursue work that is normally unpaid by helping defray living expenses.
Interns, apprentices, fellows, and clergy are common recipients of stipends. Rather than being paid for their services, they're given stipends to provide financial support while they engage in the service or task at hand. A stipend often includes other
, such as higher education, room, and board.
(DOL) exist surrounding how stipends can be used by companies and organizations. Stipends cannot be used to hire students to replace existing staff, and the students must be the primary
of the employment or training—not the company. Also, a stipend may be lower than the minimum wage as long as it's used to pay trainees.
If you receive a stipend, there are certain things you must consider. One of the main advantages of this type of compensation is that you get to keep what you earn. That's because people who receive stipends don't have taxes withdrawn to pay for
But remember, the majority of stipends are considered a form of
This means recipients need to set aside a portion of their earnings. For the 2024 tax year, the withholding rate for both programs is 15.3%—12.4% for Social Security and 2.9% for Medicare.
Recipients should be careful about how their payments are classified. Students and interns should be classified as such. If the company identifies you as an employee, your stipend may be taxed and you won't receive the full amount. And in this case, you're entitled to receive the
and any overtime pay, if it applies. On the other hand, employees should ensure they aren't considered trainees. This could lead to complications with their pay.
Not all stipends are considered taxable. For instance, fringe benefits like parking are only taxable after a certain amount. Be sure to consult with a tax consultant if you're unsure about the tax implications of your stipend.
As mentioned above, stipends are not hourly-based pay and are often used by employers as a lower-cost option to pay interns or to offset the cost individuals bear while executing certain services. As such, stipends can vary depending on the company or organization that pays them. Some companies pay stipends to help cover housing, food, or travel expenses. Here are just a few of the types of stipends that are offered.
Stipends are commonly offered to researchers at academic institutions or other related organizations to help them focus on their projects. Much like
, these stipends may be furnished by third parties who wish to see a particular study or form of research advance further without fiscal distractions that may otherwise hamper the researcher. Foundations and comparable entities might also offer stipends on similar terms to support the work of researchers and the projects they are developing.
Stipends might also be offered to cover very specific
Many corporations and organizations offer stipends to workers and other individuals. The following are just a few examples that are found in the real world.
The National Endowment for the Humanities offers grants in the form of stipends to support individuals who conduct advanced research that may be of interest to the general public or scholars. The organization has given out $5.6 billion in more than 64,000 grants. The types of research projects eligible to receive such stipends may include books, translations, articles, digital publications, or site reports on archeologic digs. In order to receive a stipend like this, the recipient must ensure the project does more than collect data. Analysis and interpretation of the gathered information must be included.
Health and wellness stipends are growing in popularity. Microsoft (
) offers full-time employees $1,200 per year for wellness-related expenses, such as gym memberships, fitness classes, financial advising, debt management, or massages, for example. The cost of the chosen services is reimbursed to the employee in addition to other healthcare benefits, such as medical, dental, or vision care.
A salary is compensation for work performed and is a set amount, typically per year. A stipend, on the other hand, is not considered compensation for work, but rather monetary support for a variety of possible factors, such as expenses incurred during traveling or during a training period, or to cover certain living expenses. Stipends are also typi...
Stipends are not considered as wages so employers will not withhold income tax on any stipends made to employees. However, stipends are often considered income so you as an individual will have to calculate and pay taxes on any stipends received; this includes Social Security and Medicare. It is important to check with your employer on the tax impl...
How often stipends are paid out to an employee will vary on the institution and the circumstances. Stipends can be paid out weekly, monthly, or annually, Most often they will not be paid out annually as they are considered a form of support and the individual may need that monetary amount throughout the year. It is common that stipends are paid out...
A stipend is a fixed amount of money paid to someone for services, training, or other work. Learn about the different types of stipends, how they work, and how they are taxed.
- Julia Kagan
A stipend is a fixed sum of money paid periodically for services or to defray expenses. Learn the synonyms, examples, word history, and etymology of stipend from Merriam-Webster dictionary.
stipend: 1 n a sum of money allotted on a regular basis; usually for some specific purpose Types: prebend the stipend assigned by a cathedral to a canon Type of: regular payment a payment made at regular times
Stipend definition: a periodic payment, especially a scholarship or fellowship allowance granted to a student.. See examples of STIPEND used in a sentence.
A stipend is an amount of money that is paid regularly to somebody, especially a priest, as wages or money to live on. Learn how to use the word stipend in different contexts and see synonyms and pronunciation tips.
A stipend is a fixed, regular income that is usually not based on an amount of work done. Learn more about the meaning, usage and pronunciation of stipend with examples and synonyms from Cambridge Dictionary.
