The college provides housing to approved students at no charge. However, this is a taxable benefit that the students will be responsible for paying the taxes (as explained below).
Student Employee Work does not qualify for academic credit and is taxable housing earnings will be reported on W-2. To qualify, this position must: Provide an hourly payment based on the rates through financial aid with a minimum of 35 hours paid each month that the student is on campus OR provide a minimum stipend of $200 for academic work each month the student is on campus. This will show up on the student’s W-2 as added income at the rate of $13/day, the total will be taxed, and then the housing benefit will be deducted. The cost in taxes will vary based on your personal information, but is typically around $60 per month.
Student Non-Employee The student has been accepted into an Allegheny-approved program (ACCEL educational and service opportunities, other college-sponsored retreats or meetings) and the benefit of housing (value of $13/day) will be reported on Form 1099 MISC.
Affiliated Student The student will be staying from May 9-31 and/or August 11-26 for an approved activity (ASG Retreat, Dance Intensive, Athletes, Res Life Staff, CLC, International Student Orientation, Cheerleading, GAP, Hillel, and Peer Leaders). Students will not be taxed for housing in this category.