Understanding How to File Taxes as a Student

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					Understanding How to File Taxes as a Student
                        When you head off to college you have to make sure that you understand
                        how you are going to file your own taxes. There are a lot of people that
                        have a hard time understanding how to do this the first few years that
                        they are not at home.

First, you should make sure that you are taking the time that you need to understand how you can
be sure that you are wise about the way that you check your work. Be sure that you are taking
the time that you need to understand how you can look over you’re your work.

Make sure that you are taking the time that you need to understand how you are going to be
smart about looking over your return. Be sure that you are taking the time that you need to
understand how you can check the forms before you send them. You don’t want to get stuck
with unfiled returns in California for example.

You have to be sure that you are taking the time that you need to understand that you will want
to finish the paperwork and then go over it the next day. This way, you can be sure that your
mind is able to clear so that you can look at the paperwork with a fresh eye.


Understanding is Key
Be sure that you are taking the time that you need to understand that this means you will need to
start your taxes early. You cannot rest on your taxes for a day if you start them the day that they
are due.

Make sure that you allow yourself plenty of time before your taxes are due. Find a good
weekend to start your taxes so you can be sure that you are able to get them done as soon as you
can in the season.

Make sure that you take the time that you need
to understand how you are going to understand
what is taxable. You have to make sure that
you are taking the time that you need to be
smart about the work-study arrangements that
you involve yourself in.

Be sure that you are taking the time that you
need to understand that even when you are
getting a discount on your tuition, the income
that you would have gotten is taxable. Make
sure that you understand how to be wise about
this process.
It’s Okay to be a Poor College Student
Second, when you are going to school you have to be smart about your income. Talk with your
financial aid counselor about any jobs that you are going to take and how the income will affect
the scholarships that you have qualified for.

You want to make sure that you know if your income is going to be taxable or not. Be sure that
you understand how your dependent or independent status is going to affect your health
insurance and the way that you file your taxes.

Be sure that you learn how to understand what is going to be the best for you. This can be hard
to learn and it may be frustrating to sort through, but you have to make sure that you take the
time that you need to meet with those that have been hired to help you.

You should be sure that you take the time that you need to understand how you are going to be
wise about your residency status. When you are going to school in one state and you are living
in another during the summer months, you want to be sure that you know how that affects taxes.


Get Help When you Need it
Take time to talk to a professional about which state is going to get your taxes and how you can
work out your tax return. For instance if you are attending a UC, talk to a Los Angeles tax
lawyer. This way, you can be sure that you are able to understand how you can be smart about
your residency status for the entire year.

Make sure that you take the time that you need to coordinate with your parents about how you
are going to claim yourself. Be sure that you take the time that you need to be wise bout the way
that you are looking into the most lucrative return.

You may get a good return but your parents may save a lot more money if they can claim you.
Work with your parents so you can find a solution to ensure that everyone is happy with the way
that the taxes are filed and the returns are given.

Photo Credit: Miguel, Ed Yourdon

				
DOCUMENT INFO
Description: As a college student, you may not even realize that you will need to file your own taxes. This article describes some tips that can help make tax season less stressful when you are a student.