Tag Archives: taxes

March 18, 2011

Tax Credits & Benefits for Students


Don’t forget that your taxes this year are due on April 18th! Even if you’re a student, regardless of if your employed part-time, full-time, or not at all it’s important to do your taxes.

The last thing you’d want is a nasty letter from the IRS come graduation time!

Here’s a few useful links for Education Tax Benefits & Credits you might not have known about before:

http://www.finaid.org/otheraid/tax.phtml

http://www.irs.gov/newsroom/article/0,,id=213044,00.html

http://www.irs.gov/individuals/article/0,,id=96341,00.html

Good luck on finals everyone, and good luck on your brackets!
photo credit

February 28, 2008

Filing Taxes for College Students


Without a doubt, for many people taxes are probably as fun as a broken Marry Go Round.

The bad news is a lot of people forget to file their taxes each year, many of whom are college students. Or worst, they remember and go last minute to H&R Block and get charged an arm and a leg.

The Tax Deadline for 2007 Personal Income Tax is Tuesday, April 15

Here’s some tax information:
Direct from Uncle Sam himself (the IRS) – Tax Information for Students

Bankrate.com’s list of 12 Tax-Filing Tips for College Students

MSN Money’s 12 Smart Tax Tips for College Students
The tip we like the most from these list is:

Talking to mom and dad about money is almost as difficult as talking to them about sex (and just about as much fun). But you need to know a little about their financial picture to plan who should claim you as a dependent and possibly use your education credit or deduction.

If your parents are paying more than 50% of your expenses, they are entitled to list you as a dependent on their taxes.

(MSN Money)

Best of luck in your tax filing journey! And here’s a Turbo Tax Rap…