If you're a first-year college student, it's time to start thinking about how to file taxes for the first time, and if college tuition is tax-deductible. It can be challenging to navigate the US tax code while juggling your course load, a job, and student loans. Some colleges have a...
VisitH&R Block’sonline platform to file your taxes for free! Their free online tax filing service covers deductions for student tuition, payments, and loan interest. You can easily upload your documents by taking a photo or importing digital tax documents.H&R Block’s free versionis especially ...
The history of taxes in the United States is fascinating and dates back to before the War of 1812. During the War of 1812, one of the first income taxes was proposed. The idea was inspired by the British Tax Act of 1798, which called for progressive taxation on all income. Because host...
Many college students choose not to file a federal income tax return, assuming that the income taxes withheld by employers "probably" will cover their tax liability. a. Is such an assumption correct? b. What are the negatives of this practice if the emplo ...
As long as you follow step by step and self educate on the basics, it is easy to use and not difficult to file your taxes by yourself! I recommend for college students or for low income individuals/families who need their taxes done and would like to receive a refund free of charge in...
I’m a rising senior and used Sprintax to file my Federal and State taxes in the US, and had a great experience both times. Sprintax made my life much easier, because it allowed me to file these complicated forms with ease! I definitely recommend it to every International student in the...
With tax season underway, millions of American are getting ready to file their taxes with the IRS. Learn how to decide between using an accountant to do your taxes or using tax prep software to do your taxes on your own.
What happens if I defer my student loans? 1:52 What if I keep my money in a savings account instead of investing it? 2:15 What if I'm in my 40s and don't have a retirement fund? 2:03 How bad is it if I can't afford to pay for my kids' college?
With e-file now open, Lisa Greene-Lewis, CPA and TurboTax tax expert, discusses why it is a good idea to file your taxes now.
Student loan interest.You can deduct up to $2,500 in interest payments, depending on your modified adjusted gross income. Charitable deductions.Donating to your alma mater or a favorite charity? Generally, you can deduct qualified charitable donations if you itemize your taxes. ...