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I Got My Summer Refund Check!

  It’s my favorite time of the semester you know the one where free money is involved?! My semester started a week ago and my refund posted shortly after. If you’ve been reading my blog or watching my YouTube channel, then you know I am a champion for scholarships and free money. This past year my employer decided to pay for doctoral degrees in full which greatly assisted in my debt free journey. Figure 1: This is a thumbnail of my latest YouTube video “I Got My Summer Refund Check” where I am sitting in my office with my hand under my chin with a smile while looking at the camera. Although my schooling is paid for, I still have several scholarships that provide some overage. My goal is to not only obtain my doctorate degree for free but to make money while doing it! This summer I received two scholarships for $500 each for a total of $1000! One scholarship was given to me by the university without me having to apply while the other is for my work with a local community college.  With

MORE Tax Tips for Students

 

(This a photo of a sign that says "taxes" on a pile of money used as a thumbnail for my YouTube video on MORE Tax Tips for Students!)


About a month ago, I recorded a video where I discussed the 1098-T. That video is now over 1.8 views and is continuing to grow by the day. Thank you all for your support! Well that got me to thinking what other tips can I give to students who are filing taxes this year? In case you did not know, the IRS opened on February 12 and many people have already received their tax refunds. Check out these quick and easy tips below if you are a student who plans to file their taxes soon. 

1. Know your dependent status. Are your parent’s claiming you this year? If you’re unsure, ask them. This will help you to determine what tax credits best fit you.
2. Scholarships are non-taxable income! Apply for as many as possible. You could even claim a tax credit of up to $2,500 if you are not a dependent.
3. Pay interest on your student loans. Pay the interest on your student loans even if you’re still enrolled. This will help more of your payment go to the balance once it is time to start making payments. You may even qualify for a tax deduction once you receive your interest statement in the mail!
4. Be on the lookout for important tax documents. What address did you put on file? Your school dorm or your home address? Be sure to use the address that you will be located at around tax time.
5. Do not pay to file your taxes! Use the IRS free tax website or VITA, the volunteer income tax assistance program


Check out the video below for more information.


SUBSCRIBE: MORE Tax Tips for Students!


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