I recently received an National Science Foundation post doctoral fellowship which includes money for research supplies, equipment, travel expenses, language courses and departmental overhead. I am not an employee for NSF nor my host University but rather a guest scientist. Also, I am not enrolled as a student. The funds for the research budget were deposited into my personal bank account and I am responsible for administrating this money over the next two years. My question is if this money (not my salary) can be taxed or is it exempt? If it's taxed how would I go about reporting it?