Compensation for being a Resident Advisor taxable?


M

mort

My son is going to be a Resident Advisor at college next term. He gets free
room and board. It worth about $7,500. Does he pay income tax on it?
If so, does he have to pay MA tax as a NY resident?
 
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S

Stuart Bronstein

mort said:
My son is going to be a Resident Advisor at college next term. He
gets free room and board. It worth about $7,500. Does he pay
income tax on it? If so, does he have to pay MA tax as a NY
resident?
Since the title is Resident Advisor, I'll assume one of the
requirements of the job is to reside. The last time I checked when an
employee is required to live on the employer's premises, the value of
that housing is not taxed for federal tax purposes.

As far as the state tax issues, Katie should come along soon with her
usual excellent information and advice.

Stu
 
A

Alan

Stuart said:
Since the title is Resident Advisor, I'll assume one of the
requirements of the job is to reside. The last time I checked when an
employee is required to live on the employer's premises, the value of
that housing is not taxed for federal tax purposes.

As far as the state tax issues, Katie should come along soon with her
usual excellent information and advice.

Stu
MA does not require any adjustment to federal gross income for
employer provided housing.
 
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M

mort

Since the title is Resident Advisor, I'll assume one of the
requirements of the job is to reside. The last time I checked when an
employee is required to live on the employer's premises, the value of
that housing is not taxed for federal tax purposes.
I did a search (imagine that!). My son's college doesn't address the issue,
but MIT says that since living and eating with the advisees is required, the
room and board are not taxable.

So, they agree with you. Thanks.
 

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