Taxes and College Students: The Different Types of Taxable Income

taxes college studentsIt’s tax season in the US, and for many college students doing taxes, it can be an absolutely nerve wrecking experience. Whether you’re making bank or just enough for ramen, knowing how to do your taxes properly in college will save you from a lot of potential headaches in the future. Getting audited is not fun!

Do you have a sizeable savings account? A part-time job? A paid internship? A business you run out of your dorm room? Then it’s crucial to understand what parts of your income are taxable. After all, those tax returns play a huge role in determining your eligibility for financial aid!  Read more..

Photo:   David Reber’s Hammer Photography

Tags: ,