sport

Tips for college students and parents ahead of tax deadline

Font size+Author:Global Genesis news portalSource:entertainment2024-05-21 14:45:52I want to comment(0)

NEW YORK (AP) — There are lots of things college students and their parents should keep in mind befo

NEW YORK (AP) — There are lots of things college students and their parents should keep in mind before filing their taxes, and while tax pros say it’s great for college students to start filing their own forms, parents and students should double check everything carefully before anyone pushes the “submit” button.

Be clear on who is a dependent

For dependent students filing taxes for the first time, it’s easy to overlook checking the “dependent” box, and they cannot then be claimed on their parents’ tax forms without the long and arduous task of amending the return merely for failure to check a box.

“College students need to be very careful that they understand whether or not their parents are eligible to claim them as a dependent,” says Tom O’Saben, director of tax content and government relations at the American Association of Tax Professionals. Merely not claiming a dependent does not make that taxpayer independent, he says.

Related articles
  • Children are evacuated from school 'during an exam' after threat made via email

    Children are evacuated from school 'during an exam' after threat made via email

    2024-05-21 13:27

  • CBS will re

    CBS will re

    2024-05-21 13:22

  • Amed Rosario's RBI infield single in the 13th inning lifts the Rays to a 7

    Amed Rosario's RBI infield single in the 13th inning lifts the Rays to a 7

    2024-05-21 12:57

  • MotoGP racing for new momentum in America, with hopes of riding an F1

    MotoGP racing for new momentum in America, with hopes of riding an F1

    2024-05-21 12:00

Netizen comments