Personal Finances

orange flowers and student in the background

Understanding and managing personal finances as a Postdoctoral Scholar can be an overwhelming endeavor. 

At the Office of Postdoctoral Affairs, we have compiled a list of resources to help you understand your taxes, retirement benefits and other issues related to personal finance all in one place for your convenience.

Tax Resources

Tax Issues for Postdocs

The National Postdoctoral Association has created an Overview of Tax Issues Resource that can answer many common questions about taxes for Postdoctoral Scholars and Researchers.

Prosper Tax Help

Prosper Tax Help is a free tax support service available to Texas residents who make less than $60,000/year and households of 2-4 that make less than $85,000/year. Income limit increases by $5,000 for each additional family member.

Employment Taxes

All payroll payments at the university are subject to federal employment taxes. Read more about how payroll taxes are calculated.

My Pay Profile

Modifying your payroll information, making payment elections, direct deposit and more are part of your pay profile in Workday.

IRS Information for Fellowship Grant Recipients

Visit the IRS website for tax information regarding scholarships, fellowship grants and other grants.

Finances for International Scholars

Looking for resources as an international scholar? Visit our international finances page.

Insurance and Retirement

New Employee Welcome Orientation

All new employees of UT Austin must complete the New Employee Welcome Orientation from the Department of Human Resources. Retirement and Insurance benefits are covered in this meeting.

New UT Employee Resources

Human Resources has a breakdown of each insurance and retirement option on their New Employee Resources Page for further reference.

Non-Employee Research Affiliate Fellows Insurance Options

Non-employee, Research Affiliate - Postdoctoral Fellows in job code A010 can review the options for healthcare coverage for themselves and their eligible dependents on the page linked above.

Retirement Program Options

Review the retirement program options available at the university.

Austin Housing & Cost of Living

Finding housing and budgeting for a new city can be a daunting task. Here are some easy-to-use resources to help you find housing within your budget and calculate your expected cost of living in Austin.

UT Off-Campus Housing Marketplace

This is a great resource to start your housing search, especially if you are looking for a space close to campus.

Forbes Cost of Living Calculator

This tool allows you to compare cost of living between major U.S. cities across a variety of metrics.

Off-Campus Living Tips for Renters

This tool was created by the Division of Student Affairs with some helpful tips on what to look for when signing a lease.

Miscellaneous Resources

Here are a few other resources for furthering your financial wellbeing at UT Austin.

Personal Finance for PhDs

This site has a great collection of tips and podcasts for grad, PhD and postdocs on issues of personal finances. You will also find podcast episodes featuring UT alumni.

Personal Finances for PhDs Free Tax Filing Resource

A resource by Personal Finances for PhDs on how to file your taxes for free.

UT Child Development Center

The Child Development Center provides affordable early childhood education programs for children of students, faculty and staff of UT Austin.