Taxes for College Students

The Latest

  • February 20, 2015

    Tax credits, available through the IRS, can bring you a substantial savings on your Federal income tax bill.

    A tax credit reduces your tax liability dollar-for-dollar. This means that a $500 tax...

  • December 10, 2014

    The American Opportunity Tax Credit (AOTC) was originally introduced for tax years 2009 and 2010 under the American Recovery and Reinvestment Act (ARRA).

    The AOTC was designed as a stimulus to assist individual taxpayers into a new career...

  • August 25, 2014

    If you pay for the cost of higher education for yourself, your spouse, or your dependent child, you may be eligible for a Federal tax credit that can save you money at tax time. This article covers some...

  • May 30, 2014

    There are many different IRS tax forms that you may come across throughout your life. However, as an individual taxpayer, you probably only need to be concerned with the basics, such as Form W-2, Form W-4, and Form 1040.

    ...

  • February 24, 2014

    This article is second in a series titled “Tax Benefits for Education.” Read the first article HERE: Tax Breaks for Tuition and Fees

    The IRS offers a variety of education tax...

  • February 20, 2014

    When you fill out your income tax return, you must indicate on the form what your filing status is. There are five filing status options, based on marital status and other requirements.

    The following filing statuses are recognized by the...

  • February 5, 2014

    When preparing your Federal income tax return, there are two different types of exemptions that you may be allowed to claim:

    Personal exemptions for...
  • September 30, 2013

    These days it is more likely than not that your college graduate will be either unemployed or at least underemployed for at least a couple of years after graduation. And as a parent, you need to be prepared for the worst-case scenario.

    ...

  • September 27, 2013

    The economy is better than it was, but not ideal, and the job market for recent college graduates is abominable. In April of this year, a devastating report by the AP concluded that 53.6% of young people (under 25 years old) with a bachelors...