Attending college is one of the biggest steps toward adulthood. Going to class, keeping up with homework, studying, holding down a job, and trying to make yourself marketable for a job after graduation are just some of the tasks you’ll need to juggle at the same time.
Beyond these responsibilities, however, you’ll also need to begin filing taxes as an adult. As a college student, filing taxes can be tricky and stressful, but taking advantage of education credits you’re eligible for can make it a more positive experience that includes a nice tax refund.
While filing taxes can be complicated, it’s also one area where you don’t want to rush. If you fly through your taxes without confirming you’re taking all available deductions, you could wind up paying more than you should. Beyond important deductions, it’s also crucial to know how filing taxes as a college student actually works. Here is what you need to know about filing taxes as a college student:
* Dependency Status (confirm before filing if under age 24)
* Tax Forms needed (W2, 1098-T, 1098-E, etc...)
* AOTC, Lifetime learning credit, higher education expenses
* Scholarships and grants (taxed or tax-free)
*College Students file FREE with us! (certain conditions apply)