There's less than a month left to file taxes. Luckily, many filers are seeing big breaks this year. In addition to the nationwide rebate checks, most online students can apply sizable tax deductions. My About.com article, Tax Breaks for Students, explains the deductions now available. Here's a blurb:
“If you are attending an accredited university, your school will send you a 1098-T form at the beginning of each year. This record includes important tax information about your education-related expenses that the school is required to send to both the student and the IRS. Some of the information recorded includes: amounts billed for tuition and other expenses, payments received, student status, and scholarships awarded. Once you receive this information, you will be able to file for tax deductions that could save you up to $2,000, a sizable sum for most students.”
Check out the full article for more details and links to IRS information.
See full article.
Related Entries:
Students Punished For Criticizing T.A. Online - 14 February 2006
Stanford: No Tuition for Low-Income Students - 16 March 2006
More Tax Breaks for Biofuels Says the Wary UK Parliament - 24 November 2006
Online Work-from-Home Ideas for Students - 15 December 2006
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It's hard to think about next semester's textbooks before starting this semester's finals. But, if you want to save, now is the time. My recently updated About.com article shows how online students can save on textbooks. Here's the gist:
“Textbooks can cost hundreds of dollars a semester. If you want to save on next semester's textbooks, start now. Find out what books your online classes require. Then, see if you can find them for free or cheap. Keep in mind that some online universities partner with for-profit textbook sales companies and rely on sales as an extra source of income. This article will show you how to find discounted books (or even get them at no cost).”
When it comes to buying books, the early bird really does get the worm.
See article.
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If you're an online student chances are you've received a lot of mail enticing you to seek financial aid, scholarships, grants, and other school-funding opportunities. Many banks offer competitive student loans. But, that doesn't mean you should fall for everything you read in a mailer.
A recent eLearners blog post shares tips on avoiding financial aid scams. Here's a blurb:
“It's not very often, but I will receive a call from a student or parent asking if a mailing they received regarding guaranteed financial aid is legitimate. What I can say is that no financial aid is guaranteed. What I can tell you is that any company who charges you a fee to apply for financial aid should be considered suspicious.”
If you're considering a non-governmental loan or scholarship, check out the post for helpful suggestions on making sure the money is legit.
See article.
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