there are several tax benefits for college students, including: 1) American Opportunity Credit, 2) Lifetime Learning Credit, 3) Deduction for tuition and fees, 4) Deduction for student loan interest
In this part, we’ll talk more about the mechanics of filing your tax return. This includes things such as choosing a filing status and deciding which form to use.
This is an excerpt from a presentation I give to college students about the basics of income taxes. The presentation and this series of blog posts are geared toward college students and their typical tax situations.