Prev Next  

Advertisement

10 Tax Benefits for College Students

Lots More Information

UP NEXT

4 Year-End Money Tips to Lower Your Tax Bill in 2020

4 Year-End Money Tips to Lower Your Tax Bill in 2020

Many Americans don't think about their tax bills until the new year. But there are things you need to do before Dec. 31 if you want to pay less later.


Author's Note: 10 Tax Benefits for College Students

Doing your taxes as a college student can be quite intimidating; you might feel like you can't afford professional help or simply don't know the right questions to ask. But don't assume you're doomed. As you can tell, there are lots of ways that being a student can decrease your tax burden. Check out the links below to learn more about income tax and help feel confident in your return.

Related Articles

Sources

  • Burd, Stephen. "Congress Should Let the Tuition and Fees Deduction Rest in Peace." New America Foundation. Jan. 7, 2014. (Nov. 6, 2014) http://www.edcentral.org/congress-let-tuition-fees-deduction-rest-peace-2/
  • Caplinger, Dan. "Tax Breaks Every College Student (and Parent) Should Know About." Daily Finance. July 13, 2012. (Nov. 6, 2014) http://www.dailyfinance.com/2012/07/13/college-tuition-tax-breaks-deductions-credits/
  • Dratch, Dana. "A Dozen Tax Tips for College Students." Bankrate. Jan. 27, 2005. (Nov. 6, 2014) http://www.bankrate.com/brm/itax/news/20040130a1.asp
  • Federal Student Aid. "Tax Credits for Higher Education Expenses." U.S. Department of Education. (Nov. 6, 2014) https://studentaid.ed.gov/types/tax-benefits
  • Internal Revenue Service (IRS). "Coverdell Education Savings Account (ESA)." 2013. (Nov. 6, 2014) http://www.irs.gov/publications/p970/ch07.html
  • Internal Revenue Service (IRS). "Tax Benefits for Education: Information Center." Aug. 19, 2014. (Nov. 6, 2014) http://www.irs.gov/uac/Tax-Benefits-for-Education:-Information-Center
  • Internal Revenue Service (IRS). "Topic 456." Aug. 18, 2014. (Nov. 6, 2014) http://www.irs.gov/taxtopics/tc456.html
  • Onink, Troy. "You Can Get $10,000 Per Child in College Tax Credits, Thanks to the Fiscal Cliff Deal." Forbes. Jan. 16, 2013. (Nov. 6, 2014) http://www.forbes.com/sites/troyonink/2013/01/16/american-opportunity-tax-credit-pay-for-college-and-pay-less-tax/
  • TurboTax. "Education Tax Credits." Intuit. 2014. (Nov. 6, 2014) https://ttlc.intuit.com/questions/1901172-education-tax-credits
  • TurboTax. "Take Advantage of Two Education Tax Credits." Intuit. 2013. (Nov. 6, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/College/Take-Advantage-of-Two-Education-Tax-Credits/INF12132.html
  • TurboTax. "Tax Filing Requirements for Children." Intuit. 2013. (Nov. 6, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Return/Tax-Filing-Requirements-for-Children/INF14501.html
  • TurboTax. "What is IRS Form 1099-Q?" Intuit. 2013. (Nov. 6, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/IRS-Tax-Forms/What-Is-IRS-Form-1099-Q-/INF14817.html
  • TurboTax. "What is a Reciprocal State and How Does That Work?" August 2014. (Dec. 5, 2014) https://ttlc.intuit.com/questions/1899178-what-is-a-reciprocal-state-and-how-does-that-work
  • TurboTax. "When Do You Need to File Tax Returns in Multiple States?" Intuit. April 2014. (Nov. 6, 2014) https://ttlc.intuit.com/questions/1900021-when-do-you-need-to-file-tax-returns-in-multiple-states
  • Wells Fargo. "Tapping Retirement Funds to Pay for College." 2014. (Dec. 5, 2014) http://www.wellsfargoadvantagefunds.com/wfweb/wf/college/aid/retirement.jsp
  • Woodruff, Mandi. "4 Tax Breaks Every College Student Should Know About." Business Insider. Oct. 25, 2013. (Nov. 6, 2014) http://www.businessinsider.com/college-student-tax-breaks-2013-10

Advertisement


Advertisement

Advertisement

Advertisement

Advertisement

Advertisement


Advertisement


Recommended

Advertisement

Advertisement