and you might even get some extra dollars in your pocket.If this is your first time filing your taxes on your own, here’s a beginner’s guide from one of our student interns on how to better prepare yourself when filing your taxes. ...
For dependent students filing taxes for the first time, it’s easy to overlook checking the “dependent” box — and if they don’t, they can’t be claimed on their parents’ tax forms without the long and arduous task of amending the return merely for failure to check a box. “Colleg...
The reason is that there are a lot of pieces involved in filing your taxes — forms you have to have, numbers you need to know. So, by starting early, when your forms come in, that gives you time to find all the pieces, seek professional help if you need it and get your taxes in...
offering up to $2,500 per year per student. To be eligible, you must be an undergraduate student or the parent of an undergraduate student who qualifies are your dependent. The student must be enrolled at least half-time and be pursuing a degree or education credential. ...
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Lifetime Learning Creditlets you deduct up to $2,000 for your education if you pay your tuition and other “educational expenses.” If you’re a dependent on your parents’ taxes then they have the good fortune to deduct the LLC. This credit is deductible on every tax return for a tax...
According to the IRS, your parents can claim you as a dependent until you are 19, but once you're a student, that dependency status can be extended until you're 24. If this is the case, you can still file taxes, but you need to indicate that someone else can claim you as a depen...
Oh, and now that you are no longer a dependent, you are — woo hoo! — independent, you will also need to start filing your taxes. It's a lot, I know. But you've got this! Whether you're graduating in the class of 2022, still in school or know a college student, please read...
There’s a few key things to know about how the ending of the student loan payment freeze can affect your taxes; plus, learn about some education tax credits many people aren’t aware of. TABLE OF CONTENTS Sample header. Transcript: Tracy Byrnes: So it's that time of year. If you ...
Being a college student is difficult, between studying for exams, a campus job, and managing finances, college students might find their lives being stressful. This is only compounded during tax season, especially considering many students have never filed their own taxes before. Before taxes are ...