Taxes for College Students
Are Scholarships Taxable? Everything You Need to Know
Are Scholarships Taxable? [video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/04/Understanding_Scholarship_Taxes.mp4"][/video] For many students and their families, receiving a scholarship can be a huge financial relief. Whether it’s a…
President Biden’s SAVE plan is not entirely tax free
The new income-driven repayment plan (IDR) proposed by President Joe Biden (known as the SAVE plan) may be able to forgive some student loans…
Minor Question: Are Minors Exempt From Tax Withholding?
[video width="1280" height="720" mp4="https://www.irs.com/wp-content/uploads/2025/03/Minors_and_Tax_Filing_Explained.mp4"][/video] If minors don't get taxes taken out, can I be 18 again? Yes, if a dependent child earns income, they will…
Is Student Loan Forgiveness Taxable? – Why your IRS federal tax returns hold the answer
What is the New Federal Student Loan Forgiveness Plan? As of August 24, 2022, the Biden Administration announced a three-part plan to cancel certain amounts…
How to File a Tax Return: Get Started Here
Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal…
Education Tax Credits for Back-to-School
Education tax breaks that can help save you money. If you pay for the cost of higher education for yourself, your spouse, or your…
Tax Benefits for Education (Part 2)
2021-2022 Federal Education Tax Breaks for College Savings Plans This article is second in a series titled “Tax Benefits for Education.” Read the first…
Claiming Personal and Dependent Exemptions
When preparing your Federal income tax return, there are two different types of exemptions that you may be allowed to claim: Personal exemptions for yourself…
