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$30-250 USD

Πληρωμή κατά την παράδοση
Tax Prep Advice for Students TurboTax and H&R Block have advertisements everywhere this time of year, and that means one thing: tax season is here. But what does this mean if you’re a student? Do you have to file taxes? Does the IRS really care about that work study money you earned? You’ve got questions, and we’ve got answers.1. Do I need to file taxes as a student?It depends on your family situation. If your parents pay less than 50% of your expenses, then you’re free to file as an independent. But if your parents pay more than 50% of your expenses, they could claim you as a dependent. That means they can take advantage of deductions and education credits like the American Opportunity and Lifetime Learning Credit. Because your parents are in a higher tax bracket, those tax deductions and credits are going to be a lot more valuable to them than they are to you. Of course, if they do claim you as a dependent and take advantage of those benefits, that means you probably won’t get a tax refund. So it’s a trade-off. Talk to your parents about their financial situation and whether it makes more sense for them to claim you.2. When are my taxes due?Federal tax returns are due on April 15. Deadlines for state tax returns vary, but the majority are April 17. Double check your state’s deadline to avoid the penalties of filing late.3. Is there a fee to file taxes?No. As long as you made less than $57,000, you can use Free File, the IRS’s free online tax prep and filing service. If you aren’t eligible for that service but plan to prepare and file your own return, check out Free File Fillable Forms.4. Where do I go for tax help?The IRS has a lot of information available online, including an interactive tax assistant, though it can be intimidating to read through that material yourself. If you have questions about your situation, consult the Financial Aid Office at your school and ask for guidance on filing taxes as a student. If they can’t help you, then try contacting your local IRS office. You can also file your taxes by using tax prep software like TurboTax or H&R Block, which walk you through the process and have extensive help resources. (TurboTax even offers SnapTax for iOS and Android, which completes tax forms for you after you snap a photo of your W-2.)5. If I file as an individual, am I eligible for any tax credits?Yes, you’re eligible for the American Opportunity Tax Credit, which is worth up to $1,500 in savings. It’s available during your first two years of college, and you can claim this credit twice. You’re also available for the Lifetime Learning tax credit, which is worth up to $2,000 in savings. You can claim this credit as long as you’re an enrolled student – undergraduate, graduate, or professional. Unfortunately, you can’t claim both credits in the same tax year.6. Are my scholarships taxable?Let’s say you’ve used NerdScholar’s scholarship search tool and won a handful of scholarships totaling $10,000. That money is not taxable if you meet the following requirements: 1) you’re a candidate for a degree at an eligible educational institution; 2) you use the scholarships to pay for qualified educational expenses; and 3) it doesn’t represent payment for teaching, research, or other services required as a condition for receiving the scholarships money. Qualified educational expenses include tuition, fees, books, required supplies or equipment, and so on. They don’t include room and board, travel, equipment not required of all enrolled students, research, and so on. As long as you use scholarships for tuition, fees, or books, then you don’t have to report this income to the IRS. If you have questions, consult to these IRS guidelines.7. I have a work-study job. Is that income taxable?Yes. Work-study money is part of a financial aid package, but you’re earning money for services. Most schools will withhold the proper taxes each time they pay you, but it’s your responsibility to make sure. If your income hasn’t been taxed properly, then you may end up owing the government money. Talk to your financial aid office or your supervisor to clarify.
Ταυτότητα εργασίας: 9438279

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15 προτάσεις
Απομακρυσμένη Εργασία
Ενεργός/ή 8 χρόνια πριν

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15 freelancers δίνουν μια μέση προσφορά $304 USD για αυτή τη δουλειά
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Hello, I understood the initial scope of this project. Although i want to discuss further this job in order to prepare the final concept for this project. After Complete discussion over the call or in chat, i will prepare following things for you - Technical Project Proposal - Flow chart for this Project - Execution plan (Step by step procedure with explanation how and at what that we are going to execute a particular task)
$257 USD σε 10 ημέρες
4,8 (44 αξιολογήσεις)
6,5
6,5
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I want to discuss this project with you further, let me know the best suitable time for you to schedule the meeting, Feel free to message me at any time, i used to be online 14 hrs in a day on this website so probably you will get a quick response from my end.
$257 USD σε 10 ημέρες
5,0 (5 αξιολογήσεις)
4,3
4,3
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Could do it given enough time.
$300 USD σε 10 ημέρες
0,0 (0 αξιολογήσεις)
0,0
0,0

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