Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Savings for Students
7 Important Tax Facts Every Student Should Know
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Yusra3, post: 336738, member: 31907"] College students navigating taxes for the first time may overlook key information. Stay in the know with these 7 essential tax tips: 1. Scholarships and grants used for tuition, fees, books and supplies are not taxable income. Those used for room, board, travel or other expenses may be taxable. 2. Internship income, freelance work, and side jobs require filing taxes. You must pay income taxes on earnings, even as a student. 3. Tips reported on a W-2 are taxable. Keep detailed tip logs if your employer does not track gratuities. 4. Interest paid on student loans is deductible up to $2,500 per year provided your income falls under certain limits. 5. University work-study program earnings are fully taxable. Retain pay stubs to calculate taxes owed. 6. Report all income earned from sources inside and outside the U.S. Foreign students face U.S. tax obligations on worldwide income. 7. Keep excellent records like tuition statements, loan interest paperwork, bank forms, tax documents and receipts. Stay organized year-round. Consult IRS resources for students and connect with your university’s tax specialists. File income taxes properly each year to avoid interest and penalties. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Savings for Students
7 Important Tax Facts Every Student Should Know
Top